Cavco Industries (NASDAQ:CVCO – Get Free Report) issued its quarterly earnings data on Thursday. The construction company reported $7.17 EPS for the quarter, beating analysts’ consensus estimates of $5.52 by $1.65, Zacks reports. Cavco Industries had a return on equity of 16.74% and a net margin of 7.68%. The firm had revenue of $656.38 million for the quarter, compared to analyst estimates of $613.12 million.
Cavco Industries Trading Up 13.1%
Shares of NASDAQ:CVCO opened at $619.00 on Friday. The business has a 50 day moving average of $549.07 and a two-hundred day moving average of $552.09. Cavco Industries has a 12-month low of $443.33 and a 12-month high of $713.01. The company has a market capitalization of $4.76 billion, a PE ratio of 26.23 and a beta of 1.27.
Key Stories Impacting Cavco Industries
Here are the key news stories impacting Cavco Industries this week:
- Positive Sentiment: Large earnings beat: Cavco reported fiscal Q2 EPS of $7.17, well above the $5.52 analyst consensus, while revenue reached $656.4 million versus expectations of $613.1 million. Cavco Industries earnings report
- Positive Sentiment: Strong year-over-year growth: Quarterly revenue increased 17.9% from $556.5 million, driven by higher home sales volume and a higher average selling price per home. The result supports the view that improving scale and backlog are strengthening the company’s long-term growth outlook. Cavco fiscal 2027 second-quarter results
- Positive Sentiment: New growth opportunity: Reports indicated that “data center workforce housing” orders are beginning to arrive, adding a potentially meaningful source of demand for Cavco’s manufactured housing products. Cavco earnings beat and workforce housing orders
- Positive Sentiment: Constructive analyst view: Northland Securities initiated coverage with an “Outperform” rating and a $650 price target. Its estimates imply EPS growth to $22.49 in fiscal 2027 and $27.71 in fiscal 2028. Northland Securities initiates coverage
- Neutral Sentiment: Sell-side analysts overall rate CVCO a “Moderate Buy,” although the $650 Northland target suggests only modest additional upside relative to the latest trading level. Cavco analyst consensus rating
Analysts Set New Price Targets
CVCO has been the subject of a number of analyst reports. Oppenheimer started coverage on Cavco Industries in a research report on Wednesday, September 30th. They set an “outperform” rating and a $720.00 price objective for the company. Weiss Ratings raised shares of Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Zelman & Associates cut shares of Cavco Industries from an “outperform” rating to a “neutral” rating in a report on Thursday, August 6th. Zacks Research raised shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, Northland Securities started coverage on Cavco Industries in a report on Wednesday. They set an “outperform” rating and a $650.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Cavco Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $690.00.
View Our Latest Analysis on CVCO
Insider Activity at Cavco Industries
In other Cavco Industries news, CAO Paul Bigbee sold 342 shares of Cavco Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $592.00, for a total transaction of $202,464.00. Following the sale, the chief accounting officer owned 736 shares of the company’s stock, valued at $435,712. The trade was a 31.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.
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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