Arizona State Retirement System Has $757,000 Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Arizona State Retirement System trimmed its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,183 shares of the construction company’s stock after selling 40 shares during the quarter. Arizona State Retirement System’s holdings in Cavco Industries were worth $757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Cavco Industries by 75.9% in the first quarter. JPMorgan Chase & Co. now owns 24,779 shares of the construction company’s stock worth $5,968,000 after purchasing an additional 10,691 shares during the period. Raymond James & Associates boosted its stake in shares of Cavco Industries by 5.8% in the 1st quarter. Raymond James & Associates now owns 14,161 shares of the construction company’s stock valued at $3,411,000 after purchasing an additional 774 shares during the last quarter. US Bancorp DE grew its position in shares of Cavco Industries by 25.2% during the 1st quarter. US Bancorp DE now owns 388 shares of the construction company’s stock worth $94,000 after buying an additional 78 shares during the period. MetLife Investment Management LLC raised its stake in shares of Cavco Industries by 58.6% during the first quarter. MetLife Investment Management LLC now owns 4,906 shares of the construction company’s stock worth $1,182,000 after buying an additional 1,813 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Cavco Industries by 2.2% in the first quarter. Rhumbline Advisers now owns 23,738 shares of the construction company’s stock valued at $5,717,000 after buying an additional 522 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the transaction, the chief accounting officer now directly owns 766 shares of the company’s stock, valued at $281,221.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the sale, the chief accounting officer now directly owns 766 shares in the company, valued at $281,221.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew A. Nino sold 2,357 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $360.00, for a total transaction of $848,520.00. Following the completion of the sale, the insider now owns 1,248 shares in the company, valued at $449,280. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

Cavco Industries Stock Performance

Shares of CVCO stock opened at $348.88 on Friday. Cavco Industries, Inc. has a 52-week low of $233.84 and a 52-week high of $400.99. The stock has a market cap of $2.91 billion, a PE ratio of 17.70 and a beta of 1.15. The firm’s 50 day moving average price is $374.13 and its two-hundred day moving average price is $325.27.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Friday, February 2nd. The construction company reported $4.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. The business had revenue of $446.77 million during the quarter, compared to the consensus estimate of $428.40 million. During the same period in the previous year, the business posted $6.66 earnings per share. As a group, sell-side analysts predict that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

About Cavco Industries

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.