Axxcess Wealth Management LLC acquired a new stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,644 shares of the construction company's stock, valued at approximately $1,374,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in Cavco Industries during the 4th quarter valued at approximately $67,000. DAVENPORT & Co LLC acquired a new stake in shares of Cavco Industries during the first quarter worth $208,000. GAMMA Investing LLC increased its position in shares of Cavco Industries by 38.7% during the first quarter. GAMMA Investing LLC now owns 441 shares of the construction company's stock worth $229,000 after buying an additional 123 shares during the period. ClearAlpha Technologies LP acquired a new stake in shares of Cavco Industries during the fourth quarter worth $204,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Cavco Industries during the 4th quarter worth about $215,000. Institutional investors and hedge funds own 95.56% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on CVCO. Wall Street Zen cut Cavco Industries from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Wedbush reaffirmed a "neutral" rating and set a $550.00 price objective on shares of Cavco Industries in a research report on Tuesday, May 27th.
Read Our Latest Analysis on CVCO
Cavco Industries Price Performance
Shares of CVCO traded up $1.38 during trading hours on Friday, hitting $449.84. The stock had a trading volume of 128,913 shares, compared to its average volume of 82,647. Cavco Industries, Inc. has a 1-year low of $351.28 and a 1-year high of $549.99. The firm has a 50 day simple moving average of $457.73 and a 200-day simple moving average of $480.80. The firm has a market capitalization of $3.64 billion, a P/E ratio of 21.67 and a beta of 1.15.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The construction company reported $5.40 EPS for the quarter, beating analysts' consensus estimates of $5.23 by $0.17. Cavco Industries had a return on equity of 17.00% and a net margin of 8.49%. The firm had revenue of $508.36 million during the quarter, compared to analysts' expectations of $504.15 million. Equities analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.
About Cavco Industries
(
Free Report)
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.
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