Teton Advisors Inc. grew its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,000 shares of the construction company’s stock after purchasing an additional 1,000 shares during the period. Teton Advisors Inc. owned approximately 0.62% of Cavco Industries worth $8,546,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services Inc purchased a new position in shares of Cavco Industries during the third quarter valued at approximately $218,000. Victory Capital Management Inc. lifted its holdings in shares of Cavco Industries by 36.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,706 shares of the construction company’s stock valued at $260,000 after purchasing an additional 460 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Cavco Industries during the second quarter valued at approximately $237,000. Crossmark Global Holdings Inc. purchased a new position in shares of Cavco Industries during the third quarter valued at approximately $273,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Cavco Industries during the second quarter valued at approximately $271,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.
Separately, BidaskClub upgraded shares of Cavco Industries from a “sell” rating to a “hold” rating in a report on Friday, December 22nd.
Shares of Cavco Industries, Inc. (NASDAQ CVCO) traded down $0.30 during midday trading on Friday, reaching $159.40. 77,603 shares of the company were exchanged, compared to its average volume of 44,712. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.66 and a current ratio of 2.57. Cavco Industries, Inc. has a 52 week low of $107.05 and a 52 week high of $170.60. The stock has a market cap of $1,440.45, a price-to-earnings ratio of 32.80 and a beta of 1.55.
Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Tuesday, February 6th. The construction company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $1.09. Cavco Industries had a net margin of 6.08% and a return on equity of 10.84%. The business had revenue of $221.40 million during the quarter, compared to the consensus estimate of $213.87 million. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s revenue was up 9.4% on a year-over-year basis.
In other news, Director William C. Boor sold 3,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $143.62, for a total transaction of $430,860.00. Following the completion of the sale, the director now owns 6,397 shares of the company’s stock, valued at approximately $918,737.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jack Hanna sold 2,464 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $147.96, for a total transaction of $364,573.44. Following the sale, the director now directly owns 2,281 shares of the company’s stock, valued at approximately $337,496.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,464 shares of company stock valued at $1,381,433. 8.44% of the stock is currently owned by insiders.
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Cavco Industries Profile
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
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