Cavco Industries Inc. (NASDAQ:CVCO) has seen additional activity from insiders and investors recently, led by BlackRock Advisors LLC, which increased its stake in shares in the company by 6.4% in the third quarter.
Other investor activity in Cavco includes, per the Daily Quint:
- GW&K Investment Management LLC increased its position by 27.6 percent during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). GW&K owns about 1.08 percent of Cavco worth $9,587,000.
- Teacher Retirement System of Texas increased its position by 14.3 percent in the second quarter. Mason Street Advisors LLC acquired a new stake in Cavco during the second quarter valued at about $152,000.
- AQR Capital Management LLC increased its stake by 102.5 percent in the second quarter.
In their November 8th earnings report, Cavco delivered $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had a net margin of 4.08 percent and a return on equity of 8.37 percent.
Cavco Director Steven G. Bunger sold 11,000 shares on August 15th, at an average price of $101.20, for a total transaction of $1,113,200.00. Bunger now owns 3,000 shares of the company’s stock, valued at approximately $303,600.
Cavco Industries Q2 earnings report results are linked here.
Cavco was also recently featured as British insurance giant Legal & General made a significant move in its stake in the company, and is one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here.
As Daily Business News readers are aware, Phoenix, AZ-based Cavco Industries is one of the largest producers of manufactured homes, as well as a builder of modular and park model homes, vacation cabins and commercial structures. Factory-built homes are designed and produced under such brand names as Cavco Homes, Fleetwood Homes and Palm Harbor Homes. ##
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Submitted by RC Williams to the Daily Business News for MHProNews.