Cavco Industries, Inc. (NASDAQ:CVCO) Stake Held by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan held its position in Cavco Industries, Inc. (NASDAQ:CVCO) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,000 shares of the construction company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Cavco Industries were worth $389,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Cavco Industries by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 12,591 shares of the construction company’s stock worth $1,629,000 after buying an additional 475 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Cavco Industries by 40.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,660 shares of the construction company’s stock worth $345,000 after buying an additional 760 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Cavco Industries by 44.2% in the second quarter. Russell Investments Group Ltd. now owns 8,646 shares of the construction company’s stock valued at $1,121,000 after buying an additional 2,651 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Cavco Industries by 78.7% in the second quarter. State of Alaska Department of Revenue now owns 1,662 shares of the construction company’s stock valued at $215,000 after buying an additional 732 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Cavco Industries during the second quarter valued at $3,371,000. 97.07% of the stock is owned by institutional investors.

Shares of Cavco Industries, Inc. (NASDAQ CVCO) traded down 2.21% on Friday, reaching $123.70. The company had a trading volume of 40,809 shares. The company’s 50 day moving average price is $130.90 and its 200-day moving average price is $120.40. The stock has a market capitalization of $1.12 billion, a P/E ratio of 25.51 and a beta of 1.53. Cavco Industries, Inc. has a 1-year low of $88.65 and a 1-year high of $143.10.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Monday, August 7th. The construction company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.20. Cavco Industries had a return on equity of 11.40% and a net margin of 5.56%. The business had revenue of $206.80 million for the quarter, compared to analyst estimates of $200.70 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. Equities analysts predict that Cavco Industries, Inc. will post $4.80 EPS for the current year.

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Separately, BidaskClub cut Cavco Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

In related news, Director William C. Boor sold 3,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $130.59, for a total transaction of $391,770.00. Following the completion of the transaction, the director now owns 6,397 shares in the company, valued at $835,384.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.44% of the stock is currently owned by corporate insiders.

About Cavco Industries

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.

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

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