New York State Teachers Retirement System Has $717,000 Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

New York State Teachers Retirement System raised its position in Cavco Industries, Inc. (NASDAQ:CVCO – Get Rating) by 3.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,486 shares of the construction company’s stock after purchasing an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in Cavco Industries were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVCO. Great West Life Assurance Co. Can grew its holdings in shares of Cavco Industries by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,402 shares of the construction company’s stock worth $1,826,000 after purchasing an additional 56 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Cavco Industries by 3.5% during the 2nd quarter. Park Avenue Securities LLC now owns 1,747 shares of the construction company’s stock worth $342,000 after purchasing an additional 59 shares in the last quarter. Marks Group Wealth Management Inc grew its holdings in shares of Cavco Industries by 1.4% during the 2nd quarter. Marks Group Wealth Management Inc now owns 4,413 shares of the construction company’s stock worth $865,000 after purchasing an additional 60 shares in the last quarter. US Bancorp DE grew its holdings in shares of Cavco Industries by 25.2% during the 1st quarter. US Bancorp DE now owns 388 shares of the construction company’s stock worth $94,000 after purchasing an additional 78 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its holdings in shares of Cavco Industries by 4.5% during the 2nd quarter. First Republic Investment Management Inc. now owns 2,147 shares of the construction company’s stock worth $421,000 after purchasing an additional 92 shares in the last quarter. 93.32% of the stock is owned by institutional investors and hedge funds.

Cavco Industries Stock Down 1.8 %

NASDAQ:CVCO opened at $250.30 on Friday. The stock’s 50-day simple moving average is $232.08 and its 200 day simple moving average is $230.97. The firm has a market capitalization of $2.23 billion, a PE ratio of 8.56 and a beta of 1.14. Cavco Industries, Inc. has a twelve month low of $179.47 and a twelve month high of $305.21.

Cavco Industries (NASDAQ:CVCO – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The construction company reported $8.25 earnings per share for the quarter, beating the consensus estimate of $4.83 by $3.42. The business had revenue of $577.39 million for the quarter, compared to analyst estimates of $550.30 million. Cavco Industries had a return on equity of 27.72% and a net margin of 12.69%. On average, analysts anticipate that Cavco Industries, Inc. will post 27.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Craig Hallum reduced their target price on Cavco Industries from $335.00 to $290.00 in a report on Monday, November 7th. StockNews.com lowered Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 4th.

Cavco Industries Company 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.