Voya Investment Management LLC Reduces Stake in Cavco Industries, by 26.2%
June 27, 2023
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Cavco Industries ($NASDAQ:CVCO), Inc. (NASDAQ: CVCO) is a publicly traded homebuilding and financial services company headquartered in Phoenix, Arizona. In addition to its homebuilding operations, Cavco provides a variety of financial services such as mortgage lending, insurance services, and real estate brokerage services. The company also operates in the modular housing industry, providing residential and commercial buildings.
Analysis
GoodWhale has been closely analyzing the fundamentals of CAVCO INDUSTRIES, and our Risk Rating has determined that it is a medium risk investment in terms of financial and business aspects. We have observed two risk warnings in their income sheet which are not related to finance, and we suggest that investors register on our website to gain further insight into these potential risks. Our team has been rigorously monitoring the situation and we are confident that with the right research and decision making, CAVCO INDUSTRIES can be a good addition to any investment portfolio. We hope that our insights can be beneficial for all those considering adding CAVCO INDUSTRIES to their investment portfolio. 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
Investors in Cavco Industries, Inc. have seen a significant decrease in their holdings in the fourth quarter of this year, with Voya Investment Management LLC reducing their stake by 26.2%. This realization has called for further analysis into the company’s stock performance and future outlook, which could lead to further changes in investor positions. Investors should take caution and research the financials of Cavco Industries, Inc. to determine if its stock is a safe investment in the current market environment. Taking into account any potential risks and rewards of investing in Cavco Industries, Inc., investors should be able to make an informed decision on whether or not it is a sound investment.
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