Segall Bryant & Hamill LLC Purchases 8,264 Shares of Cavco Industries, Inc. $CVCO

Segall Bryant & Hamill LLC lifted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 29.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,573 shares of the construction company’s stock after buying an additional 8,264 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Cavco Industries were worth $17,712,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UBS Group AG grew its position in shares of Cavco Industries by 31.5% during the 4th quarter. UBS Group AG now owns 40,017 shares of the construction company’s stock worth $23,640,000 after purchasing an additional 9,589 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Cavco Industries by 599.0% in the first quarter. Fifth Third Bancorp now owns 2,824 shares of the construction company’s stock valued at $1,367,000 after buying an additional 2,420 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Cavco Industries in the fourth quarter valued at approximately $9,501,000. Intech Investment Management LLC boosted its stake in shares of Cavco Industries by 58.0% in the fourth quarter. Intech Investment Management LLC now owns 5,766 shares of the construction company’s stock valued at $3,406,000 after buying an additional 2,116 shares during the period. Finally, Pier Capital LLC grew its position in Cavco Industries by 90.8% during the fourth quarter. Pier Capital LLC now owns 12,103 shares of the construction company’s stock worth $7,150,000 after buying an additional 5,761 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Insiders Place Their Bets

In other Cavco Industries news, CAO Paul Bigbee sold 200 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $537.75, for a total value of $107,550.00. Following the sale, the chief accounting officer owned 1,105 shares of the company’s stock, valued at approximately $594,213.75. This trade represents a 15.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Kerley sold 500 shares of Cavco Industries stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $588.76, for a total value of $294,380.00. Following the completion of the transaction, the director owned 6,169 shares in the company, valued at approximately $3,632,060.44. The trade was a 7.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,541 shares of company stock worth $2,121,932 over the last three months. Insiders own 1.70% of the company’s stock.

Cavco Industries Trading Down 2.7%

Shares of NASDAQ:CVCO opened at $547.03 on Friday. The firm has a 50 day moving average of $573.73 and a 200-day moving average of $551.75. Cavco Industries, Inc. has a 12 month low of $397.38 and a 12 month high of $713.01. The stock has a market capitalization of $4.22 billion, a PE ratio of 23.80 and a beta of 1.28.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.69 by ($0.26). The firm had revenue of $609.96 million for the quarter, compared to analyst estimates of $590.54 million. Cavco Industries had a return on equity of 16.58% and a net margin of 7.89%. On average, research analysts predict that Cavco Industries, Inc. will post 24.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CVCO shares. UBS Group initiated coverage on Cavco Industries in a research note on Friday, June 5th. They set a “buy” rating and a $700.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Cavco Industries in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $625.00.

Cavco Industries Profile

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.