Royce & Associates LP Acquires 700 Shares of Cavco Industries, Inc. (CVCO)
Royce & Associates LP boosted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,070 shares of the construction company’s stock after acquiring an additional 700 shares during the period. Royce & Associates LP owned about 0.60% of Cavco Industries worth $7,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Texas Permanent School Fund grew its holdings in Cavco Industries by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock worth $800,000 after acquiring an additional 51 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Cavco Industries by 1.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,572 shares of the construction company’s stock worth $593,000 after acquiring an additional 59 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Cavco Industries by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,669 shares of the construction company’s stock worth $864,000 after acquiring an additional 107 shares in the last quarter. Suntrust Banks Inc. grew its holdings in Cavco Industries by 11.2% during the 2nd quarter. Suntrust Banks Inc. now owns 2,236 shares of the construction company’s stock worth $288,000 after acquiring an additional 225 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Cavco Industries by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,517 shares of the construction company’s stock worth $197,000 after acquiring an additional 229 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.
In other news, Director David A. Greenblatt sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owns 10,175 shares in the company, valued at approximately $1,390,719. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven G. Bunger sold 4,000 shares of the firm’s stock in a transaction dated 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 owns 4,000 shares in the company, valued at $586,000. The disclosure for this sale can be found here. Insiders sold a total of 9,464 shares of company stock worth $1,360,613 over the last 90 days. Company insiders own 8.44% of the company’s stock.
Shares of Cavco Industries, Inc. (NASDAQ CVCO) opened at $141.95 on Friday. Cavco Industries, Inc. has a 1-year low of $93.65 and a 1-year high of $157.80. The firm has a market cap of $1,263.86, a PE ratio of 31.18 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.25 and a quick ratio of 1.66.
Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share 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 firm had revenue of $200.50 million during the quarter, compared to the consensus estimate of $190.87 million. During the same quarter in the prior year, the business posted $1.04 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis.
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Cavco Industries Company 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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