Cavco Industries, Inc. (NASDAQ:CVCO) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,123 shares of the construction company’s stock after purchasing an additional 790 shares during the quarter. Principal Financial Group Inc. owned about 0.52% of Cavco Industries worth $18,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CVCO. Amalgamated Bank lifted its position in Cavco Industries by 1.2% during the third quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock worth $1,040,000 after buying an additional 29 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Cavco Industries by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock worth $767,000 after acquiring an additional 31 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Cavco Industries by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock worth $4,066,000 after acquiring an additional 37 shares during the period. GAMMA Investing LLC boosted its position in shares of Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after acquiring an additional 42 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after purchasing an additional 55 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Price Performance

NASDAQ CVCO opened at $518.32 on Tuesday. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The stock has a market capitalization of $4.20 billion, a P/E ratio of 25.51 and a beta of 1.35. The firm’s 50-day moving average is $480.38 and its two-hundred day moving average is $453.23.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. As a group, analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Insider Transactions at Cavco Industries

In related news, insider Jack S. Brandom sold 1,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the transaction, the insider now owns 1,176 shares of the company’s stock, valued at approximately $632,688. This represents a 45.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $503.31, for a total value of $62,913.75. Following the completion of the transaction, the director now directly owns 2,736 shares of the company’s stock, valued at approximately $1,377,056.16. This represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,519 shares of company stock worth $2,806,172 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

CVCO has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and set a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. Craig Hallum lifted their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

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.