Schroder Investment Management Group trimmed its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 23.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,328 shares of the construction company’s stock after selling 54,442 shares during the quarter. Schroder Investment Management Group owned 1.99% of Cavco Industries worth $26,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robotti Robert raised its stake in shares of Cavco Industries by 15.0% in the second quarter. Robotti Robert now owns 172,723 shares of the construction company’s stock valued at $18,643,000 after acquiring an additional 22,563 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Cavco Industries in the second quarter valued at approximately $480,000. Texas Permanent School Fund raised its stake in shares of Cavco Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock valued at $800,000 after acquiring an additional 51 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Cavco Industries by 129.8% in the second quarter. Prudential Financial Inc. now owns 39,684 shares of the construction company’s stock valued at $5,145,000 after acquiring an additional 22,413 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Cavco Industries by 3.8% in the second quarter. Vanguard Group Inc. now owns 458,778 shares of the construction company’s stock valued at $59,481,000 after acquiring an additional 16,893 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Cavco Industries, Inc. (CVCO) opened at $153.20 on Monday. Cavco Industries, Inc. has a one year low of $93.10 and a one year high of $157.80. The company has a quick ratio of 1.66, a current ratio of 2.25 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1,383.03, a P/E ratio of 34.12 and a beta of 1.60.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.13). Cavco Industries had a net margin of 5.09% and a return on equity of 10.30%. The firm had revenue of $200.50 million during the quarter, compared to the consensus estimate of $190.87 million. During the same quarter last year, the firm posted $1.04 EPS. The business’s revenue was up 6.5% on a year-over-year basis.

In related news, Director David A. Greenblatt sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $136.68, for a total value of $410,040.00. Following the completion of the transaction, the director now owns 10,175 shares in the company, valued at approximately $1,390,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven G. Bunger sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $146.50, for a total transaction of $586,000.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $586,000. The disclosure for this sale can be found here. Insiders own 8.44% of the company’s stock.

A number of research analysts have recently issued reports on CVCO shares. BidaskClub cut shares of Cavco Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Sidoti upgraded shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research note on Friday, August 25th.

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Cavco Industries Company 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.

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

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