GW&K Investment Management LLC lifted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,227 shares of the construction company's stock after purchasing an additional 1,512 shares during the quarter. Cavco Industries accounts for about 0.9% of GW&K Investment Management LLC's investment portfolio, making the stock its 13th biggest holding. GW&K Investment Management LLC owned 2.35% of Cavco Industries worth $98,848,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Cavco Industries by 118.8% in the fourth quarter. FMR LLC now owns 296,343 shares of the construction company's stock worth $132,237,000 after buying an additional 160,899 shares during the period. GAMMA Investing LLC raised its stake in Cavco Industries by 71,961.9% in the 1st quarter. GAMMA Investing LLC now owns 229,157 shares of the construction company's stock worth $119,077,000 after acquiring an additional 228,839 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cavco Industries by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company's stock valued at $101,324,000 after buying an additional 2,640 shares during the last quarter. Invesco Ltd. raised its stake in shares of Cavco Industries by 18.7% during the 4th quarter. Invesco Ltd. now owns 182,457 shares of the construction company's stock valued at $81,418,000 after buying an additional 28,730 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Cavco Industries by 9.5% during the 4th quarter. Northern Trust Corp now owns 91,732 shares of the construction company's stock valued at $40,934,000 after acquiring an additional 7,986 shares during the period. Institutional investors own 95.56% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on CVCO. Wall Street Zen lowered shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Wedbush reaffirmed a "neutral" rating and issued a $550.00 price objective on shares of Cavco Industries in a research note on Tuesday, May 27th.
View Our Latest Report on CVCO
Cavco Industries Stock Performance
Shares of NASDAQ:CVCO opened at $420.73 on Monday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 20.27 and a beta of 1.15. The company has a 50-day simple moving average of $447.83 and a 200-day simple moving average of $480.82. Cavco Industries, Inc. has a one year low of $351.28 and a one year high of $549.99.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The construction company reported $5.40 earnings per share for the quarter, beating analysts' consensus estimates of $5.23 by $0.17. Cavco Industries had a net margin of 8.49% and a return on equity of 17.00%. The company had revenue of $508.36 million for the quarter, compared to analyst estimates of $504.15 million. As a group, research analysts forecast 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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