SG Americas Securities LLC Decreases Holdings in Cavco Industries, Inc. $CVCO

SG Americas Securities LLC lowered its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 56.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716 shares of the construction company’s stock after selling 922 shares during the period. SG Americas Securities LLC’s holdings in Cavco Industries were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of Cavco Industries by 5.2% in the first quarter. Royal Bank of Canada now owns 18,951 shares of the construction company’s stock valued at $9,849,000 after acquiring an additional 934 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cavco Industries by 1.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,799 shares of the construction company’s stock valued at $2,494,000 after purchasing an additional 90 shares during the last quarter. United Services Automobile Association acquired a new position in Cavco Industries in the 1st quarter valued at $266,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cavco Industries by 15.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,876 shares of the construction company’s stock valued at $9,289,000 after purchasing an additional 2,384 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Cavco Industries by 12.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company’s stock worth $86,000 after purchasing an additional 22 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Allison Aden sold 1,473 shares of Cavco Industries stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $625.00, for a total value of $920,625.00. Following the completion of the transaction, the executive vice president owned 9,147 shares in the company, valued at approximately $5,716,875. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Paul Bigbee sold 200 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $537.75, for a total transaction of $107,550.00. Following the sale, the chief accounting officer directly owned 1,105 shares in the company, valued at approximately $594,213.75. The trade was a 15.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,541 shares of company stock valued at $2,121,932. Corporate insiders own 1.70% of the company’s stock.

Cavco Industries Price Performance

Shares of CVCO stock opened at $567.96 on Friday. The company has a 50-day moving average of $546.42 and a two-hundred day moving average of $555.75. The firm has a market cap of $4.38 billion, a PE ratio of 23.69 and a beta of 1.28. Cavco Industries, Inc. has a 1-year low of $397.38 and a 1-year high of $713.01.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share for the quarter, beating the consensus estimate of $5.30 by $0.12. Cavco Industries had a net margin of 8.49% and a return on equity of 17.55%. The firm had revenue of $550.13 million during the quarter, compared to the consensus estimate of $571.06 million. Sell-side analysts anticipate that Cavco Industries, Inc. will post 25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CVCO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cavco Industries in a report on Tuesday, May 26th. Zacks Research raised shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Finally, UBS Group started coverage on shares of Cavco Industries in a research note on Friday, June 5th. They set a “buy” rating and a $700.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cavco Industries presently has a consensus rating of “Moderate Buy” and an average target price of $625.00.

Cavco Industries Company Profile

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.