Robeco Institutional Asset Management B.V. Acquires Shares of 220 Cavco Industries, Inc. (NASDAQ:CVCO)

Posted by on Oct 16th, 2023

Robeco Institutional Asset Management B.V. acquired a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 220 shares of the construction company’s stock, valued at approximately $65,000.

Several other institutional investors have also added to or reduced their stakes in the business. Cascade Investment Advisors Inc. purchased a new stake in Cavco Industries during the second quarter valued at about $860,000. Louisiana State Employees Retirement System lifted its holdings in shares of Cavco Industries by 10.5% in the second quarter. Louisiana State Employees Retirement System now owns 4,200 shares of the construction company’s stock worth $1,239,000 after buying an additional 400 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Cavco Industries by 44.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 23,084 shares of the construction company’s stock worth $6,810,000 after buying an additional 7,153 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Cavco Industries by 32.5% in the second quarter. Stratos Wealth Partners LTD. now owns 6,464 shares of the construction company’s stock worth $1,907,000 after buying an additional 1,585 shares in the last quarter. Finally, Carolina Wealth Advisors LLC lifted its holdings in shares of Cavco Industries by 7.4% in the second quarter. Carolina Wealth Advisors LLC now owns 2,351 shares of the construction company’s stock worth $694,000 after buying an additional 161 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cavco Industries Trading Down 1.2 %

Shares of Cavco Industries stock opened at $261.94 on Monday. Cavco Industries, Inc. has a 12-month low of $193.91 and a 12-month high of $318.00. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 10.24 and a beta of 1.23. The company’s 50-day moving average price is $272.87 and its 200-day moving average price is $282.68.

Cavco Industries (NASDAQ:CVCO – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $5.29 earnings per share for the quarter, missing the consensus estimate of $6.76 by ($1.47). The company had revenue of $475.88 million during the quarter, compared to the consensus estimate of $552.90 million. Cavco Industries had a return on equity of 23.41% and a net margin of 11.20%. On average, sell-side analysts predict that Cavco Industries, Inc. will post 20.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Cavco Industries in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

View Our Latest Report on CVCO

About Cavco Industries

(Free Report)

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.

Further Reading

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

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