Cavco Industries, Inc. (CVCO) Holdings Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,837 shares of the construction company’s stock after selling 6,198 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.13% of Cavco Industries worth $15,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CVCO. Russell Investments Group Ltd. boosted its position in shares of Cavco Industries by 44.2% in the second quarter. Russell Investments Group Ltd. now owns 8,646 shares of the construction company’s stock worth $1,121,000 after purchasing an additional 2,651 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Cavco Industries by 40.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,660 shares of the construction company’s stock worth $345,000 after purchasing an additional 760 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Cavco Industries by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 12,591 shares of the construction company’s stock worth $1,629,000 after purchasing an additional 475 shares during the period. Texas Permanent School Fund boosted its position 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 worth $800,000 after purchasing an additional 51 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Cavco Industries by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 35,704 shares of the construction company’s stock worth $4,630,000 after purchasing an additional 318 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

A number of equities analysts have weighed in on CVCO shares. Sidoti upgraded shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research report on Friday, August 25th. BidaskClub lowered shares of Cavco Industries from a “hold” rating to a “sell” rating in a research report on Thursday.

Cavco Industries, Inc. (NASDAQ:CVCO) opened at $141.95 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25. Cavco Industries, Inc. has a 12-month low of $93.65 and a 12-month high of $157.80. The firm has a market cap of $1,263.86, a price-to-earnings ratio of 31.18 and a beta of 1.60.

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

In related news, Director David A. Greenblatt sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $136.68, for a total transaction of $410,040.00. Following the completion of the transaction, the director now owns 10,175 shares in the company, valued at $1,390,719. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction 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 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. In the last 90 days, insiders have sold 9,464 shares of company stock valued at $1,360,613. 8.44% of the stock is owned by company insiders.

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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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