Teacher Retirement System of Texas Purchases 2,590 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Teacher Retirement System of Texas lifted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 137.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,472 shares of the construction company’s stock after purchasing an additional 2,590 shares during the period. Teacher Retirement System of Texas owned 0.06% of Cavco Industries worth $1,996,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Cavco Industries by 6.1% in the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after purchasing an additional 12,822 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Cavco Industries by 0.3% in the 4th quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company’s stock worth $86,522,000 after buying an additional 614 shares during the last quarter. GW&K Investment Management LLC grew its holdings in shares of Cavco Industries by 1.0% in the fourth quarter. GW&K Investment Management LLC now owns 188,715 shares of the construction company’s stock valued at $84,210,000 after acquiring an additional 1,931 shares in the last quarter. FMR LLC grew its holdings in shares of Cavco Industries by 7.0% in the third quarter. FMR LLC now owns 135,444 shares of the construction company’s stock valued at $58,002,000 after acquiring an additional 8,829 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Cavco Industries by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company’s stock valued at $49,521,000 after acquiring an additional 1,524 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Down 1.2 %

Shares of CVCO stock opened at $526.55 on Friday. The firm has a market cap of $4.27 billion, a P/E ratio of 25.91 and a beta of 1.34. The company has a 50 day moving average of $513.18 and a 200-day moving average of $473.44. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, equities analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Insider Transactions at Cavco Industries

In other news, Director Susan L. Blount sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total value of $353,775.00. Following the sale, the director now owns 2,836 shares of the company’s stock, valued at $1,337,741.20. The trade was a 20.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Greenblatt sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the transaction, the director now directly owns 15,286 shares of the company’s stock, valued at approximately $8,084,459.68. This trade represents a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,644 shares of company stock worth $4,494,608. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on CVCO. Wedbush reissued a “neutral” rating and issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

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.