Cwm LLC Purchases 48 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Cwm LLC raised its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 44.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 157 shares of the construction company’s stock after purchasing an additional 48 shares during the period. Cwm LLC’s holdings in Cavco Industries were worth $82,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ClearAlpha Technologies LP bought a new stake in Cavco Industries in the fourth quarter worth approximately $204,000. DAVENPORT & Co LLC acquired a new stake in shares of Cavco Industries during the 1st quarter worth approximately $208,000. New Age Alpha Advisors LLC bought a new stake in shares of Cavco Industries in the 4th quarter valued at $215,000. Tower Research Capital LLC TRC increased its stake in shares of Cavco Industries by 58.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 490 shares of the construction company’s stock valued at $219,000 after acquiring an additional 181 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Cavco Industries by 38.7% during the 1st quarter. GAMMA Investing LLC now owns 441 shares of the construction company’s stock valued at $229,000 after acquiring an additional 123 shares during the period. 95.56% of the stock is owned by institutional investors.

Cavco Industries Trading Up 0.1%

Shares of CVCO stock opened at $403.67 on Friday. The firm has a fifty day simple moving average of $428.65 and a two-hundred day simple moving average of $478.51. Cavco Industries, Inc. has a 12 month low of $351.28 and a 12 month high of $549.99. The firm has a market capitalization of $3.27 billion, a PE ratio of 19.44 and a beta of 1.15.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, July 31st. The construction company reported $6.42 EPS for the quarter, topping the consensus estimate of $5.81 by $0.61. Cavco Industries had a net margin of 8.49% and a return on equity of 17.00%. The company had revenue of $556.86 million during the quarter, compared to the consensus estimate of $524.97 million. On average, equities analysts predict that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CVCO has been the subject of a number of research reports. Wall Street Zen cut shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Wedbush reissued a “neutral” rating and set a $550.00 price objective on shares of Cavco Industries in a research report on Tuesday, May 27th.

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.