Cavco Industries, Inc. (NASDAQ:CVCO) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCOFree Report) by 12.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 136,868 shares of the construction company’s stock after purchasing an additional 14,742 shares during the quarter. Schroder Investment Management Group’s holdings in Cavco Industries were worth $36,360,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Group One Trading L.P. acquired a new position in shares of Cavco Industries in the 3rd quarter valued at $26,000. Federated Hermes Inc. acquired a new position in Cavco Industries during the 3rd quarter worth about $26,000. Advisory Services Network LLC acquired a new position in Cavco Industries during the 1st quarter worth about $32,000. NewEdge Advisors LLC acquired a new position in Cavco Industries during the 1st quarter worth about $52,000. Finally, Meeder Asset Management Inc. lifted its stake in Cavco Industries by 120.5% during the 4th quarter. Meeder Asset Management Inc. now owns 258 shares of the construction company’s stock worth $58,000 after acquiring an additional 141 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Activity

In related news, insider Matthew A. Nino sold 2,357 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $360.00, for a total value of $848,520.00. Following the completion of the sale, the insider now directly owns 1,248 shares of the company’s stock, valued at approximately $449,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the completion of the sale, the chief accounting officer now directly owns 766 shares of the company’s stock, valued at approximately $281,221.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew A. Nino sold 2,357 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $360.00, for a total value of $848,520.00. Following the sale, the insider now directly owns 1,248 shares of the company’s stock, valued at $449,280. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

Cavco Industries Price Performance

Shares of NASDAQ CVCO opened at $375.37 on Friday. The stock’s 50-day moving average is $345.15 and its two-hundred day moving average is $303.05. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $380.26. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 19.04 and a beta of 1.14.

Cavco Industries (NASDAQ:CVCOGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The construction company reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.36 by ($0.09). Cavco Industries had a return on equity of 17.00% and a net margin of 9.25%. The company had revenue of $446.77 million for the quarter, compared to analysts’ expectations of $428.40 million. During the same quarter last year, the company earned $6.66 EPS. Equities research analysts anticipate that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

Cavco Industries Company Profile

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

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