BNP Paribas Arbitrage SA Increases Position in Cavco Industries, Inc. (CVCO)

BNP Paribas Arbitrage SA increased its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 69.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,364 shares of the construction company’s stock after purchasing an additional 1,790 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cavco Industries were worth $644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. increased its position in Cavco Industries by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,517 shares of the construction company’s stock worth $197,000 after purchasing an additional 229 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Cavco Industries in the second quarter worth $226,000. Piedmont Investment Advisors LLC bought a new stake in Cavco Industries in the second quarter worth $237,000. Crossmark Global Holdings Inc. bought a new stake in Cavco Industries in the third quarter worth $273,000. Finally, Cubist Systematic Strategies LLC bought a new position in Cavco Industries during the second quarter valued at $271,000. Institutional investors own 91.79% of the company’s stock.

Cavco Industries, Inc. (NASDAQ:CVCO) opened at $147.00 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25. Cavco Industries, Inc. has a 1 year low of $93.65 and a 1 year high of $157.80. The firm has a market cap of $1,371.29, a price-to-earnings ratio of 33.83 and a beta of 1.60.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.13). Cavco Industries had a net margin of 5.09% and a return on equity of 10.30%. The firm had revenue of $200.50 million for the quarter, compared to the consensus estimate of $190.87 million. During the same quarter last year, the firm earned $1.04 EPS. The company’s revenue was up 6.5% on a year-over-year basis.

CVCO has been the topic of a number of analyst reports. Sidoti upgraded shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research report on Friday, August 25th. BidaskClub cut shares of Cavco Industries from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $146.50, for a total transaction of $586,000.00. Following the transaction, the director now owns 4,000 shares in the company, valued at $586,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Greenblatt sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $136.68, for a total transaction of $410,040.00. Following the transaction, the director now owns 10,175 shares in the company, valued at approximately $1,390,719. The disclosure for this sale can be found here. Insiders own 8.44% of the company’s stock.

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About Cavco Industries

Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.

Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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