Harbor Capital Advisors Inc. Sells 137 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Harbor Capital Advisors Inc. reduced its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,904 shares of the construction company’s stock after selling 137 shares during the period. Harbor Capital Advisors Inc.’s holdings in Cavco Industries were worth $11,902,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Cavco Industries by 71,961.9% during the 1st quarter. GAMMA Investing LLC now owns 229,157 shares of the construction company’s stock worth $119,077,000 after buying an additional 228,839 shares during the period. Ashford Capital Management Inc. boosted its holdings in Cavco Industries by 1.1% in the 4th quarter. Ashford Capital Management Inc. now owns 58,295 shares of the construction company’s stock valued at $26,013,000 after purchasing an additional 625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cavco Industries by 22.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,492 shares of the construction company’s stock valued at $6,913,000 after purchasing an additional 2,802 shares during the period. Vident Advisory LLC boosted its holdings in Cavco Industries by 574.2% in the 4th quarter. Vident Advisory LLC now owns 3,553 shares of the construction company’s stock valued at $1,585,000 after purchasing an additional 3,026 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Cavco Industries in the 4th quarter valued at $267,000. 95.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CVCO has been the subject of a number of research reports. Wall Street Zen downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Wedbush reissued a “neutral” rating and issued a $550.00 price target on shares of Cavco Industries in a report on Tuesday, May 27th.

Cavco Industries Stock Performance

Shares of CVCO stock opened at $425.23 on Tuesday. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $549.99. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 20.93 and a beta of 1.16. The firm has a fifty day moving average of $481.69 and a 200-day moving average of $491.27.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, May 22nd. The construction company reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.23 by $0.17. The company had revenue of $508.36 million during the quarter, compared to analysts’ expectations of $504.15 million. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, sell-side analysts predict that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Cavco Industries Profile

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.