Parametric Portfolio Associates LLC grew its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 41.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,570 shares of the construction company’s stock after purchasing an additional 1,342 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.05% of Cavco Industries worth $593,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CVCO. Vanguard Group Inc. increased its holdings in shares of Cavco Industries by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 441,885 shares of the construction company’s stock valued at $51,436,000 after purchasing an additional 23,796 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Cavco Industries by 11.4% during the 1st quarter. Geode Capital Management LLC now owns 71,227 shares of the construction company’s stock valued at $8,290,000 after purchasing an additional 7,269 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Cavco Industries by 179,350.7% during the 1st quarter. BlackRock Inc. now owns 1,178,991 shares of the construction company’s stock valued at $137,234,000 after purchasing an additional 1,178,334 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Cavco Industries by 3.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 35,386 shares of the construction company’s stock valued at $4,119,000 after purchasing an additional 1,332 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Cavco Industries by 103.0% during the 1st quarter. Bank of America Corp DE now owns 18,147 shares of the construction company’s stock valued at $2,112,000 after purchasing an additional 9,208 shares in the last quarter. 91.21% of the stock is owned by hedge funds and other institutional investors.

Shares of Cavco Industries, Inc. (CVCO) opened at $148.95 on Thursday. Cavco Industries, Inc. has a one year low of $92.03 and a one year high of $157.80. The stock has a market cap of $1,378.51, a price-to-earnings ratio of 34.01 and a beta of 1.62. The company has a quick ratio of 1.66, a current ratio of 2.25 and a debt-to-equity ratio of 0.13.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.13). Cavco Industries had a net margin of 5.09% and a return on equity of 10.30%. The company had revenue of $200.50 million during the quarter, compared to analyst estimates of $190.87 million. During the same period in the prior year, the business posted $1.04 EPS. Cavco Industries’s revenue was up 6.5% compared to the same quarter last year.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Cavco Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Sidoti raised shares of Cavco Industries from a “neutral” rating to a “buy” rating in a report on Friday, August 25th.

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In related news, Director David A. Greenblatt sold 3,000 shares of Cavco Industries stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $136.68, for a total value of $410,040.00. Following the sale, the director now owns 10,175 shares of the company’s stock, valued at approximately $1,390,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $146.50, for a total transaction of $586,000.00. Following the completion of the sale, the director now directly owns 4,000 shares in the company, valued at approximately $586,000. The disclosure for this sale can be found here. 8.44% of the stock is currently owned by company insiders.

Cavco Industries Profile

Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.

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Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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