Mutual of America Capital Management LLC Raises Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Mutual of America Capital Management LLC raised its holdings in Cavco Industries, Inc. (NASDAQ:CVCOGet Rating) by 5.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,227 shares of the construction company’s stock after buying an additional 61 shares during the period. Mutual of America Capital Management LLC’s holdings in Cavco Industries were worth $296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVCO. CWM LLC acquired a new stake in shares of Cavco Industries in the 4th quarter valued at $35,000. Gibson Wealth Advisors LLC acquired a new stake in shares of Cavco Industries in the 4th quarter valued at $64,000. USA Financial Portformulas Corp acquired a new stake in shares of Cavco Industries in the 4th quarter valued at $83,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Cavco Industries in the 4th quarter valued at $203,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Cavco Industries in the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.

Analyst Upgrades and Downgrades

CVCO has been the topic of a number of analyst reports. Wedbush restated a “neutral” rating and issued a $315.00 price objective on shares of Cavco Industries in a report on Wednesday, June 1st. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Friday, July 1st. Finally, Craig Hallum cut their price target on shares of Cavco Industries from $340.00 to $322.00 and set a “buy” rating on the stock in a research note on Tuesday, May 31st.

Cavco Industries Price Performance

Shares of NASDAQ:CVCO opened at $262.10 on Tuesday. The company’s fifty day moving average price is $214.77 and its 200 day moving average price is $242.91. Cavco Industries, Inc. has a 12 month low of $179.47 and a 12 month high of $327.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.53 and a quick ratio of 1.70. The firm has a market capitalization of $2.33 billion, a P/E ratio of 12.28 and a beta of 1.14.

Cavco Industries (NASDAQ:CVCOGet Rating) last issued its earnings results on Thursday, May 26th. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.91 by $0.89. The business had revenue of $505.48 million for the quarter, compared to the consensus estimate of $426.90 million. Cavco Industries had a net margin of 12.15% and a return on equity of 21.87%. During the same quarter in the previous year, the firm earned $2.71 earnings per share. As a group, sell-side analysts predict that Cavco Industries, Inc. will post 18.61 earnings per share for the current fiscal year.

Cavco Industries Profile

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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, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry brands.

Further Reading

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

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