Cavco Industries, Inc. (NASDAQ:CVCO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Cavco Industries, Inc. (NASDAQ:CVCO) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $550.00.

Several analysts have recently weighed in on the company. Weiss Ratings lowered Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Zelman & Associates raised Cavco Industries to an “outperform” rating in a report on Thursday, February 5th. Finally, Zacks Research raised Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd.

Cavco Industries Trading Up 0.2%

Shares of NASDAQ:CVCO opened at $539.94 on Tuesday. Cavco Industries has a 1-year low of $393.53 and a 1-year high of $713.01. The firm has a market capitalization of $4.19 billion, a PE ratio of 23.46 and a beta of 1.33. The business’s 50 day moving average is $526.50 and its 200-day moving average is $562.51.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, January 29th. The construction company reported $5.58 earnings per share for the quarter, missing the consensus estimate of $6.00 by ($0.42). Cavco Industries had a return on equity of 17.84% and a net margin of 8.37%.The firm had revenue of $580.99 million for the quarter, compared to analyst estimates of $593.37 million. On average, sell-side analysts predict that Cavco Industries will post 23.86 EPS for the current year.

Insider Buying and Selling at Cavco Industries

In related news, Director Steven W. Moster acquired 300 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $456.23 per share, with a total value of $136,869.00. Following the completion of the acquisition, the director owned 2,976 shares of the company’s stock, valued at $1,357,740.48. This trade represents a 11.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Greenblatt acquired 87 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were bought at an average cost of $500.00 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the director directly owned 16,076 shares of the company’s stock, valued at approximately $8,038,000. This represents a 0.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 1,800 shares of company stock valued at $866,592. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cavco Industries

A number of institutional investors have recently added to or reduced their stakes in CVCO. Northwestern Mutual Wealth Management Co. boosted its holdings in Cavco Industries by 852,093.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,128 shares of the construction company’s stock valued at $1,062,226,000 after purchasing an additional 1,797,917 shares in the last quarter. Boston Partners boosted its holdings in Cavco Industries by 82.8% during the third quarter. Boston Partners now owns 369,177 shares of the construction company’s stock valued at $213,866,000 after purchasing an additional 167,230 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Cavco Industries by 53.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 213,572 shares of the construction company’s stock valued at $126,166,000 after purchasing an additional 74,542 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Cavco Industries by 122.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 74,155 shares of the construction company’s stock valued at $43,806,000 after purchasing an additional 40,832 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Cavco Industries by 737.9% during the third quarter. Voya Investment Management LLC now owns 45,348 shares of the construction company’s stock valued at $26,335,000 after purchasing an additional 39,936 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Cavco Industries Company Profile

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.