New York State Teachers Retirement System Sells 100 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

New York State Teachers Retirement System trimmed its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,786 shares of the construction company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System’s holdings in Cavco Industries were worth $966,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CVCO. Norges Bank bought a new stake in Cavco Industries in the 4th quarter worth about $19,596,000. Pacer Advisors Inc. grew its stake in shares of Cavco Industries by 38.0% during the 4th quarter. Pacer Advisors Inc. now owns 169,643 shares of the construction company’s stock valued at $58,802,000 after purchasing an additional 46,726 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Cavco Industries by 165.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 62,638 shares of the construction company’s stock valued at $7,182,000 after purchasing an additional 39,036 shares during the period. Marshall Wace LLP grew its stake in shares of Cavco Industries by 366.7% during the 4th quarter. Marshall Wace LLP now owns 45,220 shares of the construction company’s stock valued at $10,231,000 after purchasing an additional 35,530 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Cavco Industries by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 789,464 shares of the construction company’s stock valued at $190,142,000 after purchasing an additional 34,461 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Cavco Industries Stock Down 0.7 %

Cavco Industries stock opened at $348.88 on Friday. The business has a 50-day simple moving average of $374.13 and a two-hundred day simple moving average of $325.27. The company has a market cap of $2.91 billion, a P/E ratio of 17.70 and a beta of 1.15. Cavco Industries, Inc. has a 52-week low of $233.84 and a 52-week high of $400.99.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Friday, February 2nd. The construction company reported $4.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). The firm had revenue of $446.77 million for the quarter, compared to the consensus estimate of $428.40 million. Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. During the same quarter in the prior year, the firm earned $6.66 earnings per share. Research analysts anticipate that Cavco Industries, Inc. will post 19.46 EPS for the current fiscal year.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the completion of the sale, the chief accounting officer now directly owns 766 shares in the company, valued at approximately $281,221.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Matthew A. Nino sold 2,357 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $360.00, for a total transaction of $848,520.00. Following the completion of the transaction, the insider now directly owns 1,248 shares in the company, valued at approximately $449,280. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Paul Bigbee sold 262 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the transaction, the chief accounting officer now owns 766 shares of the company’s stock, valued at $281,221.58. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.

Cavco Industries 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.