Cavco Industries, Inc. (NASDAQ:CVCO) Stock Has Average Target Price of $710.00

Shares of Cavco Industries, Inc. (NASDAQ:CVCO) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $690.00.

A number of research analysts have issued reports on the stock. Oppenheimer assumed coverage on shares of Cavco Industries in a research note on Wednesday, September 30th. They set an “outperform” rating and a $720.00 price target on the stock. Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings upgraded Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 29th. Northland Securities began coverage on Cavco Industries in a research report on Wednesday. They issued an “outperform” rating and a $650.00 target price on the stock. Finally, Zelman & Associates downgraded shares of Cavco Industries from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 6th.

Insider Buying and Selling at Cavco Industries

In other news, CAO Paul Bigbee sold 342 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was 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 $435,712. The trade was a 31.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Cavco Industries

Large investors have recently modified their holdings of the business. Covestor Ltd grew its stake in shares of Cavco Industries by 13.2% in the third quarter. Covestor Ltd now owns 172 shares of the construction company’s stock worth $97,000 after acquiring an additional 20 shares in the last quarter. Provenance Wealth Advisors LLC raised its stake in shares of Cavco Industries by 18,160.0% in the third quarter. Provenance Wealth Advisors LLC now owns 913 shares of the construction company’s stock valued at $512,000 after acquiring an additional 908 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of Cavco Industries by 0.9% in the third quarter. Aviance Capital Partners LLC now owns 14,845 shares of the construction company’s stock valued at $8,317,000 after acquiring an additional 130 shares in the last quarter. Choreo LLC boosted its holdings in Cavco Industries by 6.1% in the third quarter. Choreo LLC now owns 383 shares of the construction company’s stock valued at $215,000 after purchasing an additional 22 shares during the period. Finally, Convergence Financial LLC purchased a new position in Cavco Industries in the third quarter valued at $231,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Key Cavco Industries News

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

Cavco Industries Stock Up 13.1%

CVCO opened at $619.00 on Friday. The stock’s fifty day moving average is $549.07 and its two-hundred day moving average is $552.09. The company has a market capitalization of $4.76 billion, a P/E ratio of 26.23 and a beta of 1.27. Cavco Industries has a 52 week low of $443.33 and a 52 week high of $713.01.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, October 29th. The construction company reported $7.17 EPS for the quarter, beating analysts’ consensus estimates of $5.52 by $1.65. Cavco Industries had a net margin of 7.68% and a return on equity of 16.74%. The business had revenue of $656.38 million for the quarter, compared to the consensus estimate of $613.12 million. Equities analysts anticipate that Cavco Industries will post 22.60 earnings per share for the current year.

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.