Mutual of America Capital Management LLC Has $531,000 Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Mutual of America Capital Management LLC trimmed its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,241 shares of the construction company’s stock after selling 35 shares during the period. Mutual of America Capital Management LLC’s holdings in Cavco Industries were worth $531,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CVCO. GSA Capital Partners LLP raised its holdings in Cavco Industries by 90.4% during the third quarter. GSA Capital Partners LLP now owns 3,404 shares of the construction company’s stock worth $1,458,000 after acquiring an additional 1,616 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Cavco Industries during the 3rd quarter worth approximately $208,000. Marks Group Wealth Management Inc raised its stake in shares of Cavco Industries by 38.7% during the 3rd quarter. Marks Group Wealth Management Inc now owns 11,137 shares of the construction company’s stock worth $4,769,000 after purchasing an additional 3,106 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Cavco Industries by 1.2% in the 3rd quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock valued at $1,040,000 after buying an additional 29 shares during the last quarter. Finally, Westbourne Investment Advisors Inc. acquired a new position in Cavco Industries during the third quarter worth $310,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cavco Industries news, CAO Paul Bigbee sold 88 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the transaction, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.40. This trade represents a 7.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $409.20, for a total value of $1,636,800.00. Following the sale, the director now directly owns 6,547 shares of the company’s stock, valued at $2,679,032.40. This represents a 37.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,313 shares of company stock worth $1,780,681 over the last three months. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CVCO. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Wedbush raised their target price on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Finally, Craig Hallum boosted their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

Cavco Industries Price Performance

Shares of Cavco Industries stock opened at $521.23 on Wednesday. Cavco Industries, Inc. has a 1 year low of $271.48 and a 1 year high of $544.08. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 29.46 and a beta of 1.24. The business has a fifty day simple moving average of $444.55 and a two-hundred day simple moving average of $400.17.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The company had revenue of $507.46 million during the quarter, compared to analysts’ expectations of $480.10 million. During the same quarter last year, the company posted $4.76 EPS. As a group, equities analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Cavco Industries Company 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.