Mutual of America Capital Management LLC Sells 61 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Mutual of America Capital Management LLC cut its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,355 shares of the construction company’s stock after selling 61 shares during the period. Mutual of America Capital Management LLC’s holdings in Cavco Industries were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CVCO. Group One Trading L.P. purchased a new position in Cavco Industries in the third quarter valued at approximately $26,000. Headinvest LLC purchased a new position in Cavco Industries in the third quarter valued at approximately $26,000. Quantbot Technologies LP purchased a new position in Cavco Industries in the third quarter valued at approximately $164,000. Envestnet Portfolio Solutions Inc. purchased a new position in Cavco Industries in the third quarter valued at approximately $200,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Cavco Industries in the fourth quarter valued at approximately $232,000. 95.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Cavco Industries Trading Up 4.4 %

Cavco Industries stock opened at $375.36 on Wednesday. Cavco Industries, Inc. has a 12 month low of $233.84 and a 12 month high of $400.99. The business’s 50 day simple moving average is $374.23 and its 200 day simple moving average is $328.49. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 19.04 and a beta of 1.15.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Friday, February 2nd. The construction company reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.36 by ($0.09). The company had revenue of $446.77 million for the quarter, compared to analysts’ expectations of $428.40 million. Cavco Industries had a return on equity of 17.00% and a net margin of 9.25%. During the same quarter in the prior year, the company earned $6.66 EPS. As a group, equities research analysts forecast that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

Cavco Industries Profile

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.