Principal Financial Group Inc. Boosts Stake in Cavco Industries, Inc. $CVCO

Posted by Stanley Muller on Jul 21st, 2026

Principal Financial Group Inc. raised its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO – Free Report) by 3.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 53,306 shares of the construction company’s stock after buying an additional 1,743 shares during the period. Principal Financial Group Inc.’s holdings in Cavco Industries were worth $25,816,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Cavco Industries by 5.2% in the first quarter. Royal Bank of Canada now owns 18,951 shares of the construction company’s stock worth $9,849,000 after acquiring an additional 934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cavco Industries by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,799 shares of the construction company’s stock valued at $2,494,000 after acquiring an additional 90 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Cavco Industries during the first quarter valued at $266,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cavco Industries by 15.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,876 shares of the construction company’s stock worth $9,289,000 after purchasing an additional 2,384 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Cavco Industries by 12.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company’s stock worth $86,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cavco Industries Price Performance

Cavco Industries stock opened at $566.97 on Tuesday. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 23.65 and a beta of 1.28. Cavco Industries, Inc. has a 12 month low of $397.38 and a 12 month high of $713.01. The stock’s 50-day moving average is $557.14 and its 200-day moving average is $554.05.

Cavco Industries (NASDAQ:CVCO – Get Free Report) last issued its earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.30 by $0.12. The business had revenue of $550.13 million during the quarter, compared to analysts’ expectations of $571.06 million. Cavco Industries had a return on equity of 17.55% and a net margin of 8.49%. Research analysts anticipate that Cavco Industries, Inc. will post 24.5 EPS for the current year.

Insiders Place Their Bets

In other Cavco Industries news, Director Richard A. Kerley sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $588.76, for a total transaction of $294,380.00. Following the completion of the sale, the director directly owned 6,169 shares in the company, valued at $3,632,060.44. The trade was a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Allison Aden sold 1,473 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $625.00, for a total transaction of $920,625.00. Following the completion of the sale, the executive vice president directly owned 9,147 shares of the company’s stock, valued at $5,716,875. The trade was a 13.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,541 shares of company stock worth $2,121,932 over the last ninety days. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group assumed coverage on shares of Cavco Industries in a report on Friday, June 5th. They issued a “buy” rating and a $700.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cavco Industries in a report on Tuesday, May 26th. Finally, Zacks Research raised shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Cavco Industries presently has an average rating of “Moderate Buy” and a consensus price target of $625.00.

Check Out Our Latest Analysis on CVCO

Cavco Industries Profile

(Free Report)

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.