Northland Securities Predicts CVCO FY2027 Earnings

Cavco Industries, Inc. (NASDAQ:CVCO) – Research analysts at Northland Securities raised their FY2027 EPS estimates for Cavco Industries in a research note issued on Monday, November 2nd. Northland Securities analyst G. Gibas now anticipates that the construction company will post earnings per share of $24.17 for the year, up from their previous estimate of $22.49. Northland Securities currently has an “Outperform” rating and a $650.00 price objective on the stock. The consensus estimate for Cavco Industries’ current full-year earnings is $22.60 per share.

Several other research firms have also recently commented on CVCO. Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Zelman & Associates lowered Cavco Industries from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 6th. Oppenheimer reiterated an “outperform” rating and set a $735.00 price target (up from $720.00) on shares of Cavco Industries in a research report on Monday. Finally, Weiss Ratings raised 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 assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $695.00.

Cavco Industries Price Performance

Shares of CVCO stock opened at $648.27 on Wednesday. Cavco Industries has a 12-month low of $443.33 and a 12-month high of $713.01. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 28.09 and a beta of 1.29. The business has a 50 day simple moving average of $551.99 and a 200 day simple moving average of $551.81.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $7.17 earnings per share for the quarter, beating analysts’ consensus estimates of $5.52 by $1.65. The company had revenue of $656.38 million for the quarter, compared to analysts’ expectations of $613.12 million. Cavco Industries had a return on equity of 16.60% and a net margin of 7.68%.

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 shares were sold at an average price of $592.00, for a total value of $202,464.00. Following the completion of the transaction, the chief accounting officer directly owned 736 shares in the company, valued at $435,712. This trade represents a 31.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Cavco Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Silvant Capital Management LLC acquired a new stake in Cavco Industries in the second quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in Cavco Industries during the 2nd quarter valued at $28,000. Root Financial Partners LLC bought a new position in Cavco Industries during the 3rd quarter valued at $28,000. Signaturefd LLC boosted its stake in Cavco Industries by 96.3% during the 3rd quarter. Signaturefd LLC now owns 53 shares of the construction company’s stock valued at $30,000 after purchasing an additional 26 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Cavco Industries by 2,850.0% during the 2nd quarter. IFP Advisors Inc now owns 59 shares of the construction company’s stock valued at $36,000 after purchasing an additional 57 shares during the period. Institutional investors own 95.56% of the company’s stock.

About Cavco Industries

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.