Teacher Retirement System of Texas Has $1.45 Million Stock Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Teacher Retirement System of Texas boosted its stake in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 390.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,533 shares of the company's stock after acquiring an additional 48,193 shares during the quarter. Teacher Retirement System of Texas owned 0.34% of Calavo Growers worth $1,452,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CVGW. New York State Teachers Retirement System acquired a new stake in Calavo Growers in the 1st quarter valued at $36,000. KLP Kapitalforvaltning AS acquired a new position in shares of Calavo Growers during the 4th quarter worth about $76,000. Aquatic Capital Management LLC acquired a new position in shares of Calavo Growers during the 4th quarter worth about $86,000. State of Wyoming acquired a new position in shares of Calavo Growers during the 4th quarter worth about $99,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Calavo Growers by 139.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company's stock worth $138,000 after purchasing an additional 3,141 shares during the last quarter. 81.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Calavo Growers from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th.

Calavo Growers Stock Performance

Shares of Calavo Growers stock traded down $0.04 during trading on Wednesday, hitting $26.19. 162,024 shares of the stock were exchanged, compared to its average volume of 245,286. The stock has a market capitalization of $467.15 million, a price-to-earnings ratio of 45.16 and a beta of 0.39. The company has a fifty day moving average price of $26.66 and a 200-day moving average price of $25.01. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $30.02. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $190.55 million for the quarter, compared to analyst estimates of $192.75 million. Calavo Growers had a return on equity of 11.79% and a net margin of 1.50%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, equities analysts predict that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.05%. Calavo Growers's dividend payout ratio (DPR) is currently 137.93%.

Calavo Growers Company Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.