What Investors Should Know as One Fund Sells $11 Million of Cavco Industries Stock

1 month ago 11

Jonathan Ponciano, The Motley Fool

Tue, February 17, 2026 astatine 9:26 AM CST 4 min read

On February 13, 2026, Ashford Capital Management disclosed successful a Securities and Exchange Commission filing that it reduced its presumption successful Cavco Industries (NASDAQ:CVCO) by 19,607 shares, an estimated $11.11 cardinal commercialized based connected quarterly mean pricing.

According to an SEC filing dated February 13, 2026, Ashford Capital Management sold 19,607 shares of Cavco Industries successful the 4th fourth of 2025. The estimated worth of this commercialized was $11.11 cardinal based connected the mean closing terms during the quarter. The fund's remaining involvement was 28,412 shares, with the quarter-end presumption valued astatine $16.78 million. The nett presumption change, reflecting some trades and banal terms movements, was $11.10 million.

Ashford Capital Management’s Cavco Industries presumption present accounts for 1.87% of its reportable assets, down from 3.1% the anterior quarter.
Top holdings aft the filing:
- NASDAQ:GSAT: $60.98 cardinal (6.8% of AUM)
- NASDAQ:LGND: $40.42 cardinal (4.5% of AUM)
- NASDAQ:VICR: $38.78 cardinal (4.3% of AUM)
- NASDAQ:RDVT: $34.33 cardinal (3.8% of AUM)
- NYSEMKT:VTI: $31.46 cardinal (3.5% of AUM)
As of February 13, 2026, Cavco Industries shares were priced astatine $590.38, up 10.3% implicit the past twelvemonth and underperforming the S&P 500 by 1.5 percent points.

Metric

Value

Price (as of marketplace adjacent 2/13/26)	$590.38
Market Capitalization	$4 billion
Revenue (TTM)	$2.20 billion
Net Income (TTM)	$184.42 million

Cavco Industries manufactures and retails factory-built homes, modular homes, parkland exemplary RVs, abrogation cabins, and commercialized structures nether aggregate marque names.
The institution generates gross done the merchantability of manufactured housing, modular units, fiscal services (including mortgages and insurance), and a web of company-owned and autarkic retail outlets.
It serves homebuyers, developers, assemblage operators, and organization clients crossed the United States and Canada.

Cavco Industries is simply a starring U.S. shaper of manufactured and modular homes, operating done an extended retail and organisation network. The institution leverages beardown marque designation and diversified merchandise offerings to code affordable lodging needs and specialty commercialized projects. Its integrated approach, which includes fiscal services and insurance, supports a resilient concern exemplary and positions Cavco arsenic a cardinal subordinate successful the residential operation sector.

Capital rotation similar this is seldom astir panic. After a beardown tally successful manufactured lodging implicit the past fewer years, trimming Cavco reallocates superior without abandoning the taxable altogether. The banal has lagged the broader market, but its fundamentals stay solid.

In its fiscal 3rd quarter, Cavco generated $581 cardinal successful revenue, up 11.3% twelvemonth implicit year, helped by higher location income measurement and pricing. Gross nett roseate to $135.9 million, though margins compressed, and diluted EPS declined 19% to $5.58. The institution closed its American Homestar acquisition during the quarter, adding $42 cardinal successful gross but besides incremental SG&A and woody costs. Meanwhile, the backlog stands astatine $160 million, representing astir 4 to six weeks of production.

Within a portfolio led by higher beta names similar Globalstar and Ligand, Cavco present represents conscionable 1.87% of assets. That suggests this was a sizing determination much than a condemnation call.

Read Entire Article