Robeco Schweiz AG has enhanced its investment in Cavco Industries, Inc. (NASDAQ:CVCO) by 9.1%, according to a recent filing with the Securities & Exchange Commission. The institutional investor now holds 25,300 shares of the construction company, having acquired an additional 2,100 shares during the first quarter. As of the latest SEC disclosure, Robeco Schweiz AG’s stake in Cavco is valued at approximately $13,147,000, representing 0.31% of the company’s total shares.
Several other institutional investors have also made adjustments to their holdings in Cavco Industries. In the fourth quarter, Harvest Fund Management Co. Ltd entered a new position worth about $67,000, while ClearAlpha Technologies LP invested approximately $204,000. Additionally, DAVENPORT & Co LLC and New Age Alpha Advisors LLC acquired new stakes in the company, valued at around $208,000 and $215,000, respectively. Tower Research Capital LLC significantly increased its investment by 58.6% during the same period, now owning 490 shares valued at $219,000. Collectively, institutional investors and hedge funds control 95.56% of Cavco’s stock.
Analysts Assess Cavco Industries’ Stock Performance
Equities analysts have recently commented on Cavco Industries’ stock. Wedbush reaffirmed a “neutral” rating, setting a target price of $550.00 for the shares. In contrast, Wall Street Zen adjusted its rating from “buy” to “hold” in a note released on July 5.
As of last Friday, Cavco Industries’ stock opened at $448.46. The company has experienced a 52-week low of $351.28 and a 52-week high of $549.99. With a market capitalization of $3.63 billion, Cavco Industries boasts a price-to-earnings ratio of 21.60 and a beta of 1.15. The firm’s 50-day and 200-day simple moving averages stand at $457.73 and $480.80, respectively.
Cavco Industries announced its quarterly earnings on May 22, reporting earnings per share of $5.40, surpassing analysts’ consensus estimate of $5.23 by $0.17. The company achieved a net margin of 8.49% and a return on equity of 17.00%. Revenue for the quarter reached $508.36 million, exceeding the expected $504.15 million. Analysts project that Cavco Industries will report an earnings per share of 21.93 for the current year.
Cavco Industries Overview
Cavco Industries, Inc. specializes in the design, production, and retail of factory-built homes primarily within the United States. The company operates through two main segments: Factory-Built Housing and Financial Services. Its product offerings are marketed under various brands, including Cavco, Fleetwood, Palm Harbor, and others, catering to a diverse customer base.
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