
Cavco Industries, Inc. (NASDAQ:CVCO – Free Report) – Equities research analysts at Craig Hallum issued their Q2 2027 EPS estimates for Cavco Industries in a report released on Monday, October 26th. Craig Hallum analyst G. Palm anticipates that the construction company will earn $5.21 per share for the quarter. The consensus estimate for Cavco Industries’ current full-year earnings is $22.66 per share.
Other equities research analysts have also issued research reports about the company. Oppenheimer began coverage on Cavco Industries in a research report on Wednesday, September 30th. They set an “outperform” rating and a $720.00 target price on the stock. Zacks Research raised Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Zelman & Associates downgraded Cavco Industries from an “outperform” rating to a “neutral” rating in a report on Thursday, August 6th. Northland Securities initiated coverage on Cavco Industries in a research note on Wednesday. They issued an “outperform” rating and a $650.00 price target on the stock. Finally, Weiss Ratings raised Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Cavco Industries has an average rating of “Moderate Buy” and an average price target of $690.00.
Get Our Latest Report on Cavco Industries
Cavco Industries Trading Down 1.2%
CVCO stock opened at $532.57 on Thursday. The stock has a 50-day moving average price of $549.30 and a 200-day moving average price of $552.99. Cavco Industries has a 1-year low of $443.33 and a 1-year high of $713.01. The firm has a market cap of $4.10 billion, a PE ratio of 23.18 and a beta of 1.27.
Cavco Industries (NASDAQ:CVCO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $5.43 earnings per share for the quarter, missing analysts’ consensus estimates of $5.69 by ($0.26). Cavco Industries had a return on equity of 16.51% and a net margin of 7.89%. The business had revenue of $609.96 million for the quarter, compared to analyst estimates of $590.54 million.
Insider Transactions at Cavco Industries
In other Cavco Industries news, CAO Paul Bigbee sold 342 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $592.00, for a total value of $202,464.00. Following the completion of the sale, the chief accounting officer directly owned 736 shares in the company, valued at approximately $435,712. This trade represents a 31.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Cavco Industries
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Cavco Industries during the second quarter valued at about $767,112,000. Jupiter Topco LLC acquired a new stake in shares of Cavco Industries in the 2nd quarter valued at about $42,954,000. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Cavco Industries in the 2nd quarter valued at about $42,826,587. Punch & Associates Investment Management Inc. acquired a new stake in shares of Cavco Industries in the 2nd quarter valued at about $33,133,000. Finally, Bessemer Group Inc. increased its position in Cavco Industries by 3.5% in the 1st quarter. Bessemer Group Inc. now owns 59,878 shares of the construction company’s stock valued at $28,998,000 after buying an additional 2,008 shares in the last quarter. 95.56% of the stock is owned by institutional investors.
Cavco Industries Company Profile
Cavco Industries, Inc is a manufacturer of factory-built housing and related products. The company designs and produces manufactured homes, modular homes, park model recreational vehicles, and commercial structures for residential, hospitality, and other applications. Its homes are sold through independent retailers, company-owned retail locations, and a network of housing dealers.
Cavco markets its products under several brands, including Cavco, Fleetwood Homes, Palm Harbor Homes, Nationwide Homes, Solitaire Homes, and CountryPlace.
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