GAMMA Investing LLC Has $229,000 Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

GAMMA Investing LLC boosted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 38.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 441 shares of the construction company’s stock after buying an additional 123 shares during the quarter. GAMMA Investing LLC’s holdings in Cavco Industries were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Wyoming lifted its holdings in Cavco Industries by 0.8% in the 4th quarter. State of Wyoming now owns 3,066 shares of the construction company’s stock worth $1,368,000 after purchasing an additional 24 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Cavco Industries by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 866 shares of the construction company’s stock worth $386,000 after buying an additional 30 shares during the period. Ancora Advisors LLC grew its stake in Cavco Industries by 0.4% in the 4th quarter. Ancora Advisors LLC now owns 10,070 shares of the construction company’s stock valued at $4,494,000 after buying an additional 40 shares during the last quarter. Captrust Financial Advisors raised its holdings in Cavco Industries by 3.6% in the 4th quarter. Captrust Financial Advisors now owns 1,329 shares of the construction company’s stock worth $593,000 after acquiring an additional 46 shares during the period. Finally, Xponance Inc. lifted its position in Cavco Industries by 9.4% during the 4th quarter. Xponance Inc. now owns 596 shares of the construction company’s stock worth $266,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CVCO shares. Wedbush reaffirmed a “neutral” rating and issued a $550.00 price target on shares of Cavco Industries in a report on Tuesday, May 27th. Wall Street Zen raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Friday, June 27th.

Cavco Industries Trading Down 0.5%

NASDAQ CVCO opened at $457.28 on Friday. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $549.99. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 22.03 and a beta of 1.15. The stock’s 50 day moving average is $462.18 and its two-hundred day moving average is $480.95.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, May 22nd. The construction company reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.23 by $0.17. Cavco Industries had a return on equity of 17.00% and a net margin of 8.49%. The company had revenue of $508.36 million during the quarter, compared to analysts’ expectations of $504.15 million. On average, analysts predict that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Cavco Industries Company Profile

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.