Cavco Industries, Inc. (NASDAQ:CVCO – Free Report) – Northland Securities raised their FY2027 earnings per share estimates for Cavco Industries in a research note issued on Monday, November 2nd. Northland Securities analyst G. Gibas now expects that the construction company will post earnings per share of $24.17 for the year, up from their prior estimate of $22.49. Northland Securities has an “Outperform” rating and a $650.00 price target on the stock. The consensus estimate for Cavco Industries’ current full-year earnings is $22.60 per share.
Cavco Industries (NASDAQ:CVCO – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $7.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.52 by $1.65. Cavco Industries had a return on equity of 16.60% and a net margin of 7.68%. The firm had revenue of $656.38 million for the quarter, compared to analysts’ expectations of $613.12 million.
CVCO has been the topic of several other reports. Zelman & Associates lowered Cavco Industries from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 6th. Zacks Research raised shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $735.00 price objective (up from $720.00) on shares of Cavco Industries in a report on Monday. Finally, Weiss Ratings upgraded shares of Cavco Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $695.00.
Check Out Our Latest Stock Report on CVCO
Cavco Industries Trading Down 2.2%
Shares of CVCO opened at $648.27 on Wednesday. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 28.09 and a beta of 1.29. The stock has a 50 day moving average of $551.99 and a 200-day moving average of $551.81. Cavco Industries has a 52 week low of $443.33 and a 52 week high of $713.01.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in CVCO. Silvant Capital Management LLC bought a new stake in Cavco Industries in the second quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in shares of Cavco Industries during the second quarter valued at $28,000. Root Financial Partners LLC acquired a new position in shares of Cavco Industries during the third quarter valued at $28,000. Signaturefd LLC boosted its holdings in shares of Cavco Industries by 96.3% during the third quarter. Signaturefd LLC now owns 53 shares of the construction company’s stock valued at $30,000 after acquiring an additional 26 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Cavco Industries by 2,850.0% during the second quarter. IFP Advisors Inc now owns 59 shares of the construction company’s stock worth $36,000 after acquiring an additional 57 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Cavco Industries
In other news, CAO Paul Bigbee sold 342 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $592.00, for a total transaction of $202,464.00. Following the sale, the chief accounting officer directly owned 736 shares in the company, valued at approximately $435,712. This represents a 31.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.
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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