Principal Financial Group Inc. Purchases 5,521 Shares of Cavco Industries, Inc. $CVCO

Principal Financial Group Inc. raised its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 13.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,569 shares of the construction company’s stock after buying an additional 5,521 shares during the period. Principal Financial Group Inc. owned about 0.60% of Cavco Industries worth $27,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CVCO. Cascade Investment Advisors Inc. bought a new stake in shares of Cavco Industries in the 2nd quarter worth approximately $1,098,000. Robeco Institutional Asset Management B.V. purchased a new stake in Cavco Industries in the third quarter worth $819,000. Allspring Global Investments Holdings LLC boosted its holdings in Cavco Industries by 74.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,317 shares of the construction company’s stock valued at $9,580,000 after acquiring an additional 6,942 shares in the last quarter. Confluence Investment Management LLC increased its position in Cavco Industries by 62.6% during the 3rd quarter. Confluence Investment Management LLC now owns 12,287 shares of the construction company’s stock valued at $7,135,000 after purchasing an additional 4,729 shares during the period. Finally, Caxton Associates LLP bought a new position in Cavco Industries in the 2nd quarter worth $1,238,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Key Cavco Industries News

Here are the key news stories impacting Cavco Industries this week:

• Positive Sentiment: Multiple insider buys — CEO William Boor bought 1,000 shares and several directors (David Greenblatt, Steven Moster) added to their stakes in early February, signaling management confidence and providing a tangible catalyst for buying interest. CEO Form 4
• Positive Sentiment: Director purchases detailed — David Greenblatt bought additional shares (87 on Feb 4 and earlier 413), and Steven Moster acquired 300 shares; these incremental buys reinforce insider alignment with shareholders. InsiderTrades Alert
• Positive Sentiment: Positive market narratives — recent MarketBeat coverage highlights rising demand for affordable housing and positions Cavco as a beneficiary, which can lift sentiment and trading flows into CVCO. MarketBeat Article
• Neutral Sentiment: Hedge-fund/industry commentary mentions Cavco in broader markets coverage (InsiderMonkey roundup). This raises awareness but is unlikely by itself to move fundamentals. InsiderMonkey Roundup
• Neutral Sentiment: Short-interest report shows effectively zero reported short interest (no meaningful change), so short-covering is not a likely explanation for intraday moves. (Data appears to show 0 shares and a 0.0 days ratio.)
• Negative Sentiment: Recent quarterly results (Jan. 29) missed consensus on EPS and revenue, which is a fundamental headwind and explains some analyst caution and mixed ratings. Investors should weigh insider buying against the earnings shortfall. MarketBeat CVCO Profile

Insider Buying and Selling at Cavco Industries

In related news, CEO William C. Boor purchased 1,000 shares of the stock in a transaction dated Wednesday, February 4th. The stock was purchased at an average price of $495.00 per share, with a total value of $495,000.00. Following the transaction, the chief executive officer directly owned 48,022 shares in the company, valued at $23,770,890. This trade represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven W. Moster purchased 300 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average price of $456.23 per share, for a total transaction of $136,869.00. Following the purchase, the director owned 2,976 shares in the company, valued at $1,357,740.48. This represents a 11.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 1,800 shares of company stock worth $866,592. 1.60% of the stock is owned by insiders.

Cavco Industries Stock Performance

Shares of CVCO opened at $538.73 on Friday. The stock has a market cap of $4.18 billion, a PE ratio of 23.40 and a beta of 1.32. Cavco Industries, Inc. has a fifty-two week low of $393.53 and a fifty-two week high of $713.01. The firm’s 50-day simple moving average is $607.08 and its two-hundred day simple moving average is $554.25.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, January 29th. The construction company reported $5.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.00 by ($0.42). The business had revenue of $580.99 million for the quarter, compared to analysts’ expectations of $593.37 million. Cavco Industries had a net margin of 8.37% and a return on equity of 17.84%. Equities research analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analyst Ratings Changes

CVCO has been the topic of a number of research reports. Zacks Research lowered shares of Cavco Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Zelman & Associates raised Cavco Industries to an “outperform” rating in a research report on Thursday. CJS Securities upgraded Cavco Industries to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cavco Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Cavco Industries currently has an average rating of “Moderate Buy” and an average target price of $550.00.

About Cavco Industries

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.