Bank of New York Mellon Corp Purchases 1,289 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Bank of New York Mellon Corp raised its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,916 shares of the construction company’s stock after buying an additional 1,289 shares during the quarter. Bank of New York Mellon Corp owned 1.48% of Cavco Industries worth $17,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its holdings in Cavco Industries by 1.8% in the 3rd quarter. BlackRock Inc. now owns 1,299,305 shares of the construction company’s stock valued at $328,724,000 after buying an additional 23,234 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Cavco Industries by 38.0% during the 3rd quarter. Vanguard Group Inc now owns 681,115 shares of the construction company’s stock worth $172,322,000 after buying an additional 187,517 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Cavco Industries by 38.0% during the 3rd quarter. Vanguard Group Inc. now owns 681,115 shares of the construction company’s stock worth $172,322,000 after buying an additional 187,517 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Cavco Industries by 4.6% during the 3rd quarter. Renaissance Technologies LLC now owns 321,700 shares of the construction company’s stock worth $81,390,000 after buying an additional 14,100 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its position in shares of Cavco Industries by 2.0% during the 4th quarter. GW&K Investment Management LLC now owns 148,604 shares of the construction company’s stock worth $19,375,000 after buying an additional 2,912 shares during the last quarter. 94.10% of the stock is currently owned by hedge funds and other institutional investors.

Cavco Industries stock traded down $1.17 during trading hours on Monday, hitting $125.69. The stock had a trading volume of 87,964 shares, compared to its average volume of 98,512. The company has a current ratio of 2.42, a quick ratio of 1.80 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.15 billion, a PE ratio of 16.95 and a beta of 1.95. Cavco Industries, Inc. has a one year low of $112.00 and a one year high of $261.80.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Monday, February 4th. The construction company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.01). The firm had revenue of $233.70 million during the quarter, compared to the consensus estimate of $238.05 million. Cavco Industries had a net margin of 7.34% and a return on equity of 14.62%. Cavco Industries’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 earnings per share.

Several brokerages recently weighed in on CVCO. BidaskClub upgraded Cavco Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Craig Hallum dropped their target price on Cavco Industries from $170.00 to $128.00 and set an “in-line” rating for the company in a research report on Wednesday, February 6th.

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Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.

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Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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