Public Sector Pension Investment Board Has $7.51 Million Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Public Sector Pension Investment Board increased its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,531 shares of the construction company’s stock after purchasing an additional 500 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.22% of Cavco Industries worth $7,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVCO. O Shaughnessy Asset Management LLC acquired a new stake in Cavco Industries in the first quarter worth about $209,000. Janus Henderson Group PLC increased its position in Cavco Industries by 3.1% in the first quarter. Janus Henderson Group PLC now owns 6,302 shares of the construction company’s stock worth $2,514,000 after purchasing an additional 190 shares during the period. Harbor Capital Advisors Inc. increased its position in Cavco Industries by 507.8% in the second quarter. Harbor Capital Advisors Inc. now owns 9,068 shares of the construction company’s stock worth $3,139,000 after purchasing an additional 7,576 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in Cavco Industries in the second quarter worth about $208,000. Finally, Hunter Perkins Capital Management LLC increased its position in Cavco Industries by 28.4% in the second quarter. Hunter Perkins Capital Management LLC now owns 2,535 shares of the construction company’s stock worth $878,000 after purchasing an additional 560 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CVCO shares. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Wedbush raised their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Finally, Craig Hallum raised their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

Insider Activity at Cavco Industries

In other Cavco Industries news, Director Julia Sze sold 125 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the transaction, the director now owns 2,861 shares of the company’s stock, valued at $1,312,283.48. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the transaction, the chief accounting officer now directly owns 1,081 shares in the company, valued at $433,913.40. This trade represents a 7.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,313 shares of company stock valued at $1,780,681. 1.60% of the stock is owned by insiders.

Cavco Industries Price Performance

NASDAQ:CVCO opened at $514.50 on Friday. Cavco Industries, Inc. has a fifty-two week low of $279.50 and a fifty-two week high of $544.08. The stock has a market capitalization of $4.17 billion, a PE ratio of 29.08 and a beta of 1.24. The business’s 50-day simple moving average is $449.40 and its 200-day simple moving average is $402.77.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The business had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. During the same quarter last year, the firm earned $4.76 EPS. On average, research analysts expect that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Cavco Industries Profile

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.