Robeco Schweiz AG Has $13.15 Million Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Robeco Schweiz AG raised its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,300 shares of the construction company's stock after purchasing an additional 2,100 shares during the quarter. Robeco Schweiz AG owned 0.31% of Cavco Industries worth $13,147,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Cavco Industries by 118.8% in the 4th quarter. FMR LLC now owns 296,343 shares of the construction company's stock valued at $132,237,000 after acquiring an additional 160,899 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Cavco Industries by 71,961.9% in the 1st quarter. GAMMA Investing LLC now owns 229,157 shares of the construction company's stock valued at $119,077,000 after acquiring an additional 228,839 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Cavco Industries by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company's stock valued at $101,324,000 after acquiring an additional 2,640 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Cavco Industries by 18.7% in the 4th quarter. Invesco Ltd. now owns 182,457 shares of the construction company's stock valued at $81,418,000 after acquiring an additional 28,730 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Cavco Industries by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company's stock valued at $49,521,000 after acquiring an additional 1,524 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wedbush restated a "neutral" rating and issued a $550.00 price objective on shares of Cavco Industries in a report on Tuesday, May 27th. Wall Street Zen cut Cavco Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Cavco Industries Trading Up 0.3%

NASDAQ:CVCO traded up $1.38 on Friday, hitting $449.84. The company's stock had a trading volume of 128,913 shares, compared to its average volume of 82,647. The stock has a fifty day moving average of $457.73 and a two-hundred day 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, 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 released its quarterly earnings data on Thursday, May 22nd. The construction company reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.17. The firm had revenue of $508.36 million for the quarter, compared to analyst estimates of $504.15 million. Cavco Industries had a return on equity of 17.00% and a net margin of 8.49%. As a group, sell-side analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current 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.