AlphaMark Advisors LLC Has $350,000 Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

AlphaMark Advisors LLC lowered its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 878 shares of the construction company’s stock after selling 70 shares during the quarter. AlphaMark Advisors LLC’s holdings in Cavco Industries were worth $350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CVCO. Headinvest LLC acquired a new stake in Cavco Industries in the third quarter valued at $26,000. Mather Group LLC. bought a new stake in shares of Cavco Industries in the 1st quarter valued at about $60,000. GAMMA Investing LLC acquired a new stake in Cavco Industries in the 4th quarter valued at about $77,000. Simplex Trading LLC bought a new position in Cavco Industries during the fourth quarter worth about $140,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Cavco Industries during the third quarter worth approximately $200,000. Institutional investors own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush raised their price objective on Cavco Industries from $380.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, May 20th.

Cavco Industries Price Performance

CVCO stock opened at $337.41 on Tuesday. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $400.99. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 18.39 and a beta of 1.23. The company has a fifty day moving average price of $360.33 and a two-hundred day moving average price of $357.70.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, May 23rd. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $5.13 by ($1.10). The company had revenue of $420.12 million for the quarter, compared to the consensus estimate of $499.50 million. Cavco Industries had a return on equity of 15.46% and a net margin of 8.79%. Research analysts anticipate that Cavco Industries, Inc. will post 19.77 EPS for the current fiscal year.

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.