Northern Trust Corp Has $26.17 Million Position in Cavco Industries, Inc.

Northern Trust Corp increased its position in Cavco Industries, Inc. (NASDAQ:CVCO – Free Report) by 0.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,489 shares of the construction company’s stock after buying an additional 120 shares during the quarter. Northern Trust Corp owned 1.18% of Cavco Industries worth $26,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CVCO. Mariner LLC boosted its holdings in Cavco Industries by 9.8% in the third quarter. Mariner LLC now owns 2,124 shares of the construction company’s stock valued at $564,000 after acquiring an additional 190 shares during the last quarter. FMR LLC boosted its holdings in Cavco Industries by 0.7% in the third quarter. FMR LLC now owns 34,483 shares of the construction company’s stock valued at $9,161,000 after acquiring an additional 248 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Cavco Industries by 53.0% in the third quarter. Envestnet Asset Management Inc. now owns 34,030 shares of the construction company’s stock valued at $9,040,000 after acquiring an additional 11,789 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Cavco Industries in the third quarter valued at approximately $200,000. Finally, Watchman Group Inc. bought a new stake in Cavco Industries in the third quarter valued at approximately $2,573,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insiders Place Their Bets

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

Cavco Industries Stock Performance

Cavco Industries stock opened at $364.74 on Friday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.51 and a beta of 1.14. Cavco Industries, Inc. has a 52-week low of $233.84 and a 52-week high of $380.26. The stock’s 50 day moving average price is $345.51 and its two-hundred day moving average price is $303.72.

Cavco Industries (NASDAQ:CVCO – Get Free Report) last posted 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 business had revenue of $446.77 million for the quarter, compared to the consensus estimate of $428.40 million. Cavco Industries had a return on equity of 17.00% and a net margin of 9.25%. During the same quarter in the previous year, the company posted $6.66 earnings per share. On average, equities research analysts forecast that Cavco Industries, Inc. will post 19.46 EPS for the current year.

Cavco Industries Profile

(Free Report)

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.

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