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

Shares of Cavco Industries, Inc. (NASDAQ:CVCOGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $550.00.

A number of equities research analysts have weighed in on CVCO shares. Zelman & Associates upgraded Cavco Industries to an “outperform” rating in a research note on Thursday, February 5th. Weiss Ratings lowered shares of Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Finally, Zacks Research upgraded shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd.

Read Our Latest Analysis on Cavco Industries

Institutional Investors Weigh In On Cavco Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 worth $1,062,226,000 after buying an additional 1,797,917 shares during the period. Boston Partners increased its position in Cavco Industries by 82.8% in the 3rd quarter. Boston Partners now owns 369,177 shares of the construction company’s stock valued at $213,866,000 after acquiring an additional 167,230 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Cavco Industries by 53.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 213,572 shares of the construction company’s stock valued at $126,166,000 after acquiring an additional 74,542 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Cavco Industries by 122.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 74,155 shares of the construction company’s stock valued at $43,806,000 after acquiring an additional 40,832 shares during the last quarter. Finally, Bamco Inc. NY acquired a new stake in Cavco Industries during the 4th quarter worth approximately $21,903,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cavco Industries Trading Down 4.4%

Shares of Cavco Industries stock traded down $20.83 on Friday, hitting $455.76. The stock had a trading volume of 136,425 shares, compared to its average volume of 125,161. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 19.80 and a beta of 1.31. Cavco Industries has a 52-week low of $393.53 and a 52-week high of $713.01. The company’s 50 day moving average price is $499.94 and its 200 day moving average price is $557.77.

Cavco Industries Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cavco Industries (NASDAQ:CVCO)

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