Illinois Municipal Retirement Fund Decreases Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Illinois Municipal Retirement Fund trimmed its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,388 shares of the construction company’s stock after selling 374 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cavco Industries were worth $1,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SkyView Investment Advisors LLC raised its holdings in shares of Cavco Industries by 3.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,554 shares of the construction company’s stock worth $413,000 after purchasing an additional 47 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Cavco Industries by 2.7% in the third quarter. Sheets Smith Wealth Management now owns 2,090 shares of the construction company’s stock valued at $555,000 after buying an additional 54 shares during the period. Pathstone Family Office LLC lifted its position in shares of Cavco Industries by 7.1% during the 3rd quarter. Pathstone Family Office LLC now owns 1,014 shares of the construction company’s stock valued at $269,000 after buying an additional 67 shares during the last quarter. Group One Trading L.P. bought a new position in shares of Cavco Industries during the 3rd quarter worth $26,000. Finally, Headinvest LLC purchased a new stake in Cavco Industries in the 3rd quarter worth about $26,000. 95.56% of the stock is owned by institutional investors.

Insider Activity at Cavco Industries

In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of the stock in a transaction 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 sale, the insider now owns 1,248 shares in the company, valued at $449,280. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Paul Bigbee sold 262 shares of the 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 sale, the chief accounting officer now owns 766 shares of the company’s stock, valued at approximately $281,221.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew A. Nino sold 2,357 shares of Cavco Industries stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $360.00, for a total value of $848,520.00. Following the transaction, the insider now directly owns 1,248 shares of the company’s stock, valued at approximately $449,280. The disclosure for this sale can be found here. 1.73% of the stock is owned by company insiders.

Cavco Industries Stock Performance

Shares of Cavco Industries stock opened at $372.61 on Friday. The stock has a market capitalization of $3.11 billion, a P/E ratio of 18.90 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. The stock’s 50-day simple moving average is $374.15 and its 200 day simple moving average is $329.77.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Friday, February 2nd. The construction company reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.36 by ($0.09). The business had revenue of $446.77 million during 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 period last year, the firm earned $6.66 EPS. Equities research analysts forecast that Cavco Industries, Inc. will post 19.46 EPS for the current fiscal year.

About Cavco Industries

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.