Cavco Industries, Inc. $CVCO Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 44.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,200 shares of the construction company’s stock after selling 13,000 shares during the period. Robeco Schweiz AG owned 0.21% of Cavco Industries worth $9,076,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Cavco Industries by 96.3% during the 3rd quarter. Signaturefd LLC now owns 53 shares of the construction company’s stock valued at $30,000 after purchasing an additional 26 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Cavco Industries during the third quarter valued at about $218,000. Sterling Capital Management LLC raised its stake in Cavco Industries by 825.0% in the third quarter. Sterling Capital Management LLC now owns 259 shares of the construction company’s stock worth $145,000 after buying an additional 231 shares in the last quarter. Root Financial Partners LLC bought a new position in Cavco Industries in the third quarter worth about $28,000. Finally, Crossmark Global Holdings Inc. raised its stake in Cavco Industries by 26.4% in the third quarter. Crossmark Global Holdings Inc. now owns 474 shares of the construction company’s stock worth $266,000 after buying an additional 99 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Paul Bigbee sold 342 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $592.00, for a total value of $202,464.00. Following the sale, the chief accounting officer directly owned 736 shares of the company’s stock, valued at $435,712. The trade was a 31.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Cavco Industries Price Performance

Shares of NASDAQ CVCO opened at $534.25 on Friday. Cavco Industries, Inc. has a 1 year low of $443.33 and a 1 year high of $713.01. The stock has a market cap of $4.11 billion, a P/E ratio of 23.25 and a beta of 1.27. The firm has a 50-day moving average of $552.25 and a 200 day moving average of $550.49.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $5.43 earnings per share for the quarter, missing analysts’ consensus estimates of $5.69 by ($0.26). Cavco Industries had a return on equity of 16.51% and a net margin of 7.89%. The business had revenue of $609.96 million during the quarter, compared to analysts’ expectations of $590.54 million. Research analysts expect that Cavco Industries, Inc. will post 22.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Oppenheimer assumed coverage on shares of Cavco Industries in a report on Wednesday, September 30th. They issued an “outperform” rating and a $720.00 price objective for the company. Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. Weiss Ratings upgraded Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Finally, Zelman & Associates lowered Cavco Industries from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Cavco Industries has a consensus rating of “Moderate Buy” and a consensus price target of $710.00.

Cavco Industries Company Profile

Cavco Industries, Inc is a manufacturer of factory-built housing and related products. The company designs and produces manufactured homes, modular homes, park model recreational vehicles, and commercial structures for residential, hospitality, and other applications. Its homes are sold through independent retailers, company-owned retail locations, and a network of housing dealers.

Cavco markets its products under several brands, including Cavco, Fleetwood Homes, Palm Harbor Homes, Nationwide Homes, Solitaire Homes, and CountryPlace.