Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Cavco Industries, Inc. (NASDAQ:CVCO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of $8.56 million in Cavco Industries (NASDAQ: CVCO), acquiring approximately 16,466 shares during the first quarter.
• Cavco Industries reported earnings of $5.40 per share, exceeding analysts’ expectations, and had a revenue of $508.36 million for the quarter.
• Hedge funds and institutional investors collectively own 95.56% of Cavco Industries' stock, indicating significant institutional interest in the company.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,466 shares of the construction company's stock, valued at approximately $8,556,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Cavco Industries as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CVCO. CWM LLC raised its holdings in shares of Cavco Industries by 44.0% during the first quarter. CWM LLC now owns 157 shares of the construction company's stock valued at $82,000 after buying an additional 48 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Cavco Industries during the first quarter valued at approximately $208,000. GAMMA Investing LLC raised its holdings 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 valued at $229,000 after buying an additional 123 shares during the last quarter. ClearAlpha Technologies LP bought a new stake in shares of Cavco Industries during the fourth quarter valued at approximately $204,000. Finally, SkyOak Wealth LLC bought a new stake in shares of Cavco Industries during the first quarter valued at approximately $246,000. Institutional investors own 95.56% of the company's stock.

Cavco Industries Price Performance

Cavco Industries stock traded down $0.39 during midday trading on Tuesday, reaching $414.14. The stock had a trading volume of 55,198 shares, compared to its average volume of 102,014. Cavco Industries, Inc. has a twelve month low of $351.28 and a twelve month high of $549.99. The firm's fifty day simple moving average is $434.98 and its two-hundred day simple moving average is $479.76. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 19.91 and a beta of 1.15.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The construction company reported $5.40 earnings per share for the quarter, topping 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 company had revenue of $508.36 million during the quarter, compared to the consensus estimate of $504.15 million. As a group, sell-side analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented 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 reiterated a "neutral" rating and set a $550.00 price objective on shares of Cavco Industries in a research note on Tuesday, May 27th.

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.