American Century Companies Inc. Has $17.46 Million Stock Holdings in Cavco Industries, Inc. $CVCO

American Century Companies Inc. increased its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 282.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,062 shares of the construction company’s stock after acquiring an additional 22,193 shares during the quarter. American Century Companies Inc. owned about 0.39% of Cavco Industries worth $17,458,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CVCO. Salomon & Ludwin LLC bought a new position in Cavco Industries during the 3rd quarter worth approximately $31,000. Mather Group LLC. bought a new stake in shares of Cavco Industries in the 3rd quarter valued at $63,000. Osaic Holdings Inc. boosted its stake in shares of Cavco Industries by 118.2% in the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock valued at $57,000 after purchasing an additional 65 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Cavco Industries by 1,814.3% during the second quarter. Parkside Financial Bank & Trust now owns 134 shares of the construction company’s stock worth $58,000 after buying an additional 127 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in Cavco Industries during the third quarter worth $86,000. 95.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on CVCO shares. Weiss Ratings lowered shares of Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Zelman & Associates upgraded Cavco Industries to an “outperform” rating in a report on Thursday, February 5th. CJS Securities raised Cavco Industries to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research lowered Cavco Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $550.00.

Cavco Industries Stock Performance

CVCO stock opened at $521.74 on Wednesday. The business has a 50-day simple moving average of $596.81 and a two-hundred day simple moving average of $574.21. The company has a market capitalization of $4.05 billion, a P/E ratio of 22.66 and a beta of 1.28. Cavco Industries, Inc. has a 52-week low of $393.53 and a 52-week high of $713.01.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 29th. The construction company reported $5.58 EPS for the quarter, missing the consensus estimate of $6.00 by ($0.42). Cavco Industries had a return on equity of 17.84% and a net margin of 8.37%.The company had revenue of $580.99 million during the quarter, compared to analysts’ expectations of $593.37 million. As a group, sell-side analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven W. Moster acquired 300 shares of Cavco Industries stock in a transaction on Monday, February 2nd. The stock was acquired at an average cost of $456.23 per share, with a total value of $136,869.00. Following the transaction, the director owned 2,976 shares of the company’s stock, valued at approximately $1,357,740.48. This trade represents a 11.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Greenblatt acquired 413 shares of Cavco Industries stock in a transaction on Tuesday, February 3rd. The stock was purchased at an average cost of $463.01 per share, with a total value of $191,223.13. Following the completion of the transaction, the director directly owned 15,989 shares in the company, valued at $7,403,066.89. This represents a 2.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 1,800 shares of company stock valued at $866,592 in the last three months. 1.60% of the stock is currently owned by insiders.

About Cavco Industries

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.