Cavco Industries (NASDAQ:CVCO) Earns “Neutral” Rating from Wedbush

Cavco Industries (NASDAQ:CVCO)‘s stock had its “neutral” rating reaffirmed by investment analysts at Wedbush in a research note issued to investors on Monday,RTT News reports. They currently have a $550.00 target price on the construction company’s stock, up from their previous target price of $480.00. Wedbush’s price target points to a potential upside of 6.62% from the stock’s previous close. Wedbush also issued estimates for Cavco Industries’ Q1 2027 earnings at $6.42 EPS, Q2 2027 earnings at $6.85 EPS, Q3 2027 earnings at $6.65 EPS and FY2027 earnings at $27.00 EPS.

A number of other research firms also recently weighed in on CVCO. Craig Hallum lifted their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. StockNews.com cut Cavco Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Cavco Industries Stock Down 0.7 %

Shares of NASDAQ CVCO opened at $515.86 on Monday. Cavco Industries has a 12 month low of $331.08 and a 12 month high of $544.08. The company has a market cap of $4.18 billion, a P/E ratio of 25.39 and a beta of 1.35. The business’s 50 day moving average is $473.42 and its two-hundred day moving average is $439.89.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.25%. Sell-side analysts expect that Cavco Industries will post 18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Julia Sze sold 125 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the sale, the director now owns 2,861 shares in the company, valued at approximately $1,312,283.48. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Paul Bigbee sold 100 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the completion of the sale, the chief accounting officer now directly owns 981 shares in the company, valued at approximately $502,497.63. The trade was a 9.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,850 shares of company stock worth $889,417 over the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Cavco Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC grew its holdings in shares of Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock worth $30,614,000 after purchasing an additional 5,620 shares during the last quarter. Blue Trust Inc. grew its holdings in Cavco Industries by 90.0% during the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after acquiring an additional 90 shares during the last quarter. Cerity Partners LLC increased its position in Cavco Industries by 91.8% in the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock valued at $20,091,000 after acquiring an additional 22,451 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after acquiring an additional 82 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Cavco Industries by 162.0% during the third quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock worth $7,381,000 after purchasing an additional 10,656 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

About Cavco Industries

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.