Vanguard Group Inc. lowered its stake in Cavco Industries, Inc. (NASDAQ:CVCO – Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 750,274 shares of the construction company’s stock after selling 21,559 shares during the quarter. Vanguard Group Inc. owned 9.62% of Cavco Industries worth $443,217,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its stake in Cavco Industries by 5.2% in the first quarter. Royal Bank of Canada now owns 18,951 shares of the construction company’s stock valued at $9,849,000 after purchasing an additional 934 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cavco Industries by 1.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,799 shares of the construction company’s stock worth $2,494,000 after purchasing an additional 90 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Cavco Industries in the 1st quarter valued at about $266,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cavco Industries by 15.4% in 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 valued at $9,289,000 after buying an additional 2,384 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Cavco Industries by 12.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company’s stock valued at $86,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.
Cavco Industries Trading Up 0.9%
NASDAQ CVCO opened at $483.78 on Wednesday. The business has a fifty day simple moving average of $515.82 and a 200 day simple moving average of $562.98. Cavco Industries, Inc. has a 12 month low of $393.53 and a 12 month high of $713.01. The firm has a market capitalization of $3.75 billion, a P/E ratio of 21.02 and a beta of 1.31.
Wall Street Analysts Forecast Growth
View Our Latest Report on Cavco Industries
Cavco Industries Profile
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.
Read More
Want to see what other hedge funds are holding CVCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cavco Industries, Inc. (NASDAQ:CVCO – Free Report).
Receive News & Ratings for Cavco Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavco Industries and related companies with MarketBeat.com's FREE daily email newsletter.
