Bessemer Group Inc. lessened its stake in Cavco Industries, Inc. (NASDAQ:CVCO – Free Report) by 13.1% during the fourth quarter, Holdings Channel reports. The firm owned 57,870 shares of the construction company’s stock after selling 8,744 shares during the period. Bessemer Group Inc.’s holdings in Cavco Industries were worth $34,186,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Cavco Industries by 6.1% in the 2nd quarter. State Street Corp now owns 380,682 shares of the construction company’s stock valued at $165,380,000 after purchasing an additional 21,837 shares during the last quarter. Boston Partners boosted its holdings in shares of Cavco Industries by 82.8% in the 3rd quarter. Boston Partners now owns 369,177 shares of the construction company’s stock valued at $213,866,000 after purchasing an additional 167,230 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Cavco Industries by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 147,036 shares of the construction company’s stock valued at $85,388,000 after purchasing an additional 963 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Cavco Industries by 6.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 81,786 shares of the construction company’s stock valued at $47,496,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Cavco Industries by 0.3% in the 3rd quarter. Gabelli Funds LLC now owns 49,310 shares of the construction company’s stock valued at $28,636,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.
Cavco Industries Trading Down 4.4%
Shares of CVCO stock opened at $455.76 on Friday. The company’s fifty day simple moving average is $499.94 and its 200-day simple moving average is $557.77. Cavco Industries, Inc. has a 52 week low of $393.53 and a 52 week high of $713.01. The company has a market cap of $3.54 billion, a PE ratio of 19.80 and a beta of 1.31.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on CVCO
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.
Featured Stories
- Five stocks we like better than Cavco Industries
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
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.
