UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Cavco Industries, Inc. (NASDAQ:CVCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,492 shares of the construction company's stock after purchasing an additional 2,802 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Cavco Industries worth $6,913,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC grew its position in Cavco Industries by 162.0% in the third quarter. Barclays PLC now owns 17,234 shares of the construction company's stock valued at $7,381,000 after acquiring an additional 10,656 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Cavco Industries in the fourth quarter valued at about $254,000. Blue Trust Inc. lifted its stake in Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock valued at $105,000 after buying an additional 55 shares during the period. KBC Group NV lifted its stake in Cavco Industries by 35.2% in the fourth quarter. KBC Group NV now owns 330 shares of the construction company's stock valued at $147,000 after buying an additional 86 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in shares of Cavco Industries by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company's stock worth $86,522,000 after acquiring an additional 614 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Cavco Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Wedbush reaffirmed a "neutral" rating and issued a $550.00 price objective on shares of Cavco Industries in a research report on Tuesday, May 27th.

Cavco Industries Price Performance

Shares of NASDAQ CVCO traded down $2.81 during mid-day trading on Thursday, hitting $423.85. 216,459 shares of the stock traded hands, compared to its average volume of 66,830. The company has a market cap of $3.40 billion, a PE ratio of 20.86 and a beta of 1.29. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $549.99. The firm has a 50 day simple moving average of $487.40 and a two-hundred day simple moving average of $492.37.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The construction company reported $5.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.23 by $0.17. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. The company had revenue of $508.36 million for the quarter, compared to the consensus estimate of $504.15 million. On average, equities research analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

About Cavco Industries

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.