Jackson Creek Investment Advisors LLC Trims Stake in Cavco Industries, by 27.3%
July 27, 2023
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Cavco Industries ($NASDAQ:CVCO), Inc. is a leading designer, manufacturer and distributor of manufactured homes, systems-built homes, modular homes and recreational vehicles. Recently, Jackson Creek Investment Advisors LLC has trimmed their stake in Cavco Industries, Inc. by 27.3% as reported in the first quarter. This reduction reflects Jackson Creek Investment Advisors LLC’s decision to reduce their investments in the company, which may be due to the recent performance of Cavco Industries, Inc. or other factors. Overall, Cavco Industries, Inc. remains a key player in the housing industry and is well-positioned to continue providing the highest quality of manufactured homes, systems-built homes, modular homes and recreational vehicles for customers across the US.
Analysis
At GoodWhale, we analyzes CAVCO INDUSTRIES‘s financials using our proprietary algorithms. Our Star Chart suggests that the company has strong assets, growth, and profitability, but weak dividend. The company has an excellent health score of 10/10, indicating that it has the capability to pay off debt and fund future operations. We believe that this type of company is an attractive opportunity for investors looking for consistent and reliable returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cavco Industries. More…
| Total Revenues | Net Income | Net Margin |
| 2.14k | 240.55 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cavco Industries. More…
| Operations | Investing | Financing |
| 255.69 | -129.34 | -102.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cavco Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.31k | 330.47 | 112.67 |
Key Ratios Snapshot
Some of the financial key ratios for Cavco Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.4% | 51.7% | 14.4% |
| FCF Margin | ROE | ROA |
| 9.9% | 19.9% | 14.7% |
Peers
The company has a long history of competition with other leading companies in the industry, including Skyline Champion Corp, Century Communities Inc, and Tama Home Co Ltd. Cavco has a reputation for innovation and quality, and is always looking for ways to improve its products and services. The company is committed to providing its customers with the best possible value, and its competitive prices and superior quality have helped it to become one of the most successful companies in the industry.
– Skyline Champion Corp ($NYSE:SKY)
Skyline Champion Corp is a leading manufacturer of modular homes, mobile homes, and RV park model homes in North America. The company has a market cap of 2.69B as of 2022 and a Return on Equity of 34.19%. Skyline Champion Corp is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol SKY.
– Century Communities Inc ($NYSE:CCS)
Century Communities, Inc. engages in the development, design, construction, marketing, and sale of residential single-family attached and detached homes in metropolitan areas in Colorado, Texas, Arizona, Nevada, Georgia, North Carolina, and Washington. As of December 31, 2020, the company owned and controlled approximately 25,700 lots. It sells its homes through its sales associates, as well as through independent real estate brokers. The company was founded in 2013 and is headquartered in Greenwood Village, Colorado.
– Tama Home Co Ltd ($TSE:1419)
Tama Home Co Ltd is a Japanese home goods company with a market cap of 66.87B as of 2022. The company has a Return on Equity of 26.04%. Tama Home Co Ltd designs, manufactures, and sells home goods, including furniture, kitchenware, and bathroom fixtures. The company operates in Japan, China, and the United States.
Summary
Cavco Industries, Inc. is a publicly-traded company that designs, produces, and distributes manufactured homes, modular homes, and park-model homes in the United States. During the first quarter of this year, Jackson Creek Investment Advisors LLC reduced its stake in the company by 27.3%. This suggests that although investor sentiment on the company may be cautiously positive, they may have done this as a defensive move or as part of a re-allocation strategy.
Investors should carefully evaluate Cavco Industries before deciding to invest in it. They should consider factors such as the company’s financials, competitive landscape, and recent news.
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