SG Americas Securities LLC Acquires New Position in Cavco Industries, Inc. (NASDAQ:CVCO)

SG Americas Securities LLC bought a new position in Cavco Industries, Inc. (NASDAQ:CVCO) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,568 shares of the construction company’s stock, valued at approximately $815,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Cavco Industries by 71,961.9% in the 1st quarter. GAMMA Investing LLC now owns 229,157 shares of the construction company’s stock worth $119,077,000 after buying an additional 228,839 shares in the last quarter. FMR LLC boosted its holdings in shares of Cavco Industries by 118.8% during the 4th quarter. FMR LLC now owns 296,343 shares of the construction company’s stock valued at $132,237,000 after acquiring an additional 160,899 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cavco Industries by 1,030.9% during the 4th quarter. Janus Henderson Group PLC now owns 72,534 shares of the construction company’s stock valued at $32,371,000 after acquiring an additional 66,120 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Cavco Industries in the fourth quarter worth approximately $20,382,000. Finally, Norges Bank purchased a new position in shares of Cavco Industries during the fourth quarter valued at approximately $17,730,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on CVCO. Wall Street Zen downgraded Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Wedbush restated a “neutral” rating and set a $550.00 target price on shares of Cavco Industries in a research report on Tuesday, May 27th.

Cavco Industries Trading Down 0.1%

Shares of NASDAQ CVCO opened at $400.49 on Friday. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $549.99. The firm’s 50-day moving average price is $471.11 and its 200-day moving average price is $485.58. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 19.29 and a beta of 1.16.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, May 22nd. The construction company reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.23 by $0.17. The firm had revenue of $508.36 million during the quarter, compared to analyst estimates of $504.15 million. Cavco Industries had a net margin of 8.49% and a return on equity of 17.00%. On average, equities analysts predict that Cavco Industries, Inc. will post 21.93 EPS 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.