Key Points
- Director Steven Moster bought 300 shares on Feb. 2 at an average price of $456.23 (totaling ~$136,869), increasing his holding by 11.21% to 2,976 shares valued at about $1.36 million.
- Cavco reported quarterly EPS of $5.58 (a miss vs. $6.00 expected) and revenue of $580.99M vs. $593.37M, while the stock opened at $505.46 with a market cap of ~$3.92 billion and a 1‑year trading range of $393.53–$713.01.
- Analysts are mixed but generally positive, with a MarketBeat consensus rating of “Moderate Buy” and a consensus target price of $550, while individual ratings range from Strong Buy to Hold.
Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) Director Steven Moster purchased 300 shares of the business's stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of $456.23 per share, with a total value of $136,869.00. Following the completion of the acquisition, the director owned 2,976 shares of the company's stock, valued at approximately $1,357,740.48. The trade was a 11.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cavco Industries Trading Up 4.7%
Shares of Cavco Industries stock opened at $505.46 on Thursday. Cavco Industries, Inc. has a 1 year low of $393.53 and a 1 year high of $713.01. The company's fifty day simple moving average is $609.93 and its 200-day simple moving average is $553.61. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 21.96 and a beta of 1.32.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The construction company reported $5.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.00 by ($0.42). Cavco Industries had a return on equity of 17.84% and a net margin of 8.37%.The company had revenue of $580.99 million during the quarter, compared to analyst estimates of $593.37 million. As a group, research analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on CVCO. CJS Securities upgraded Cavco Industries to a "strong-buy" rating in a research report on Thursday, December 11th. Zacks Research downgraded shares of Cavco Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Cavco Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $550.00.
View Our Latest Analysis on Cavco Industries
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. Northwestern Mutual Wealth Management Co. boosted its position in Cavco Industries by 12.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company's stock worth $86,000 after acquiring an additional 22 shares during the period. Sheets Smith Wealth Management grew its position in Cavco Industries by 1.4% in the third quarter. Sheets Smith Wealth Management now owns 2,245 shares of the construction company's stock worth $1,304,000 after acquiring an additional 31 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Cavco Industries by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 872 shares of the construction company's stock worth $506,000 after purchasing an additional 32 shares in the last quarter. Guidance Capital Inc. boosted its stake in shares of Cavco Industries by 3.3% during the 3rd quarter. Guidance Capital Inc. now owns 1,122 shares of the construction company's stock worth $663,000 after acquiring an additional 36 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Cavco Industries by 27.4% during the third quarter. Smartleaf Asset Management LLC now owns 186 shares of the construction company's stock worth $109,000 after purchasing an additional 40 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.
About Cavco Industries
(
Get Free Report)
Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.
Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.
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