Cavco Industries, Inc. (NASDAQ:CVCO) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Posted by Defense World Staff on Jun 9th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Cavco Industries, Inc. (NASDAQ:CVCO – Get Rating) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,867 shares of the construction company’s stock after acquiring an additional 1,330 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.10% of Cavco Industries worth $2,006,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CVCO. Federated Hermes Inc. acquired a new stake in Cavco Industries in the third quarter worth about $26,000. Captrust Financial Advisors raised its stake in shares of Cavco Industries by 31.8% in the second quarter. Captrust Financial Advisors now owns 394 shares of the construction company’s stock worth $77,000 after purchasing an additional 95 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Cavco Industries by 1,192.9% in the fourth quarter. Fifth Third Bancorp now owns 362 shares of the construction company’s stock worth $82,000 after purchasing an additional 334 shares during the last quarter. US Bancorp DE raised its stake in shares of Cavco Industries by 25.2% in the first quarter. US Bancorp DE now owns 388 shares of the construction company’s stock worth $94,000 after purchasing an additional 78 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Cavco Industries in the third quarter worth about $150,000. Institutional investors and hedge funds own 93.32% of the company’s stock.

Cavco Industries Trading Down 2.2 %

Shares of CVCO stock opened at $282.05 on Friday. The stock has a 50 day moving average of $289.39 and a 200 day moving average of $270.59. The stock has a market cap of $2.45 billion, a P/E ratio of 10.47 and a beta of 1.21. Cavco Industries, Inc. has a twelve month low of $179.47 and a twelve month high of $318.00.

Analyst Ratings Changes

Several research analysts have recently issued reports on CVCO shares. Wedbush raised their price objective on Cavco Industries from $410.00 to $425.00 in a research note on Monday, May 22nd. StockNews.com cut Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, Craig Hallum reduced their price objective on Cavco Industries from $357.00 to $338.00 in a research note on Monday, May 22nd.

About Cavco Industries

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Cavco Industries, Inc engages in the development of residential modular structures. It offers manufactured homes, modular homes, park model RVs and cabins, commercial structures, mortgage lending, and insurance. The firm’s brands include Cavco, Fleetwood, Palm Harbor and Fairmont, Friendship, Chariot Eagle and Destiny.