Cavco Industries, Inc. (NASDAQ:CVCO) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 137.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 approximately 0.06% of Cavco Industries worth $1,996,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Cavco Industries during the fourth quarter valued at $5,376,000. Charles Schwab Investment Management Inc. grew its stake in Cavco Industries by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company's stock valued at $49,521,000 after purchasing an additional 1,524 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Cavco Industries by 91.4% in the fourth quarter. Intech Investment Management LLC now owns 4,160 shares of the construction company's stock valued at $1,856,000 after purchasing an additional 1,986 shares during the period. Principal Financial Group Inc. raised its stake in shares of Cavco Industries by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company's stock worth $18,797,000 after purchasing an additional 790 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in Cavco Industries during the 4th quarter worth approximately $425,000. Institutional investors and hedge funds own 95.56% of the company's stock.

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Cavco Industries Stock Performance

Shares of CVCO traded up $5.67 during trading hours on Monday, hitting $519.63. The stock had a trading volume of 76,231 shares, compared to its average volume of 62,798. The firm has a 50-day moving average price of $514.78 and a 200 day moving average price of $475.94. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 25.57 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating analysts' consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. As a group, analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Matthew A. Nino sold 894 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total transaction of $472,952.82. Following the completion of the sale, the insider now directly owns 771 shares in the company, valued at approximately $407,882.13. The trade was a 53.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now owns 15,286 shares in the company, valued at $8,084,459.68. The trade was a 20.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,644 shares of company stock valued at $4,494,608. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CVCO. Wedbush reaffirmed a "neutral" rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research note 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.