Key Points
- CEO William Boor bought 1,000 shares at an average price of $495.00 on Feb. 4 (a $495,000 purchase), raising his stake to 48,022 shares — a 2.13% increase valued at about $23.77 million.
- Cavco missed recent quarterly estimates, reporting EPS of $5.58 versus a $6.00 consensus and revenue of $580.99M versus $593.37M, while the stock trades around $533.70 with a 12‑month range of $393.53–$713.01, a market cap of $4.14B and a P/E of 23.26.
- Institutional ownership is very high (95.56%), with large recent inflows (e.g., Northwestern Mutual adding ~1.8M shares), and analysts show an average rating of "Moderate Buy" with a mean target near $550.00.
Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) Director David Greenblatt purchased 87 shares of the firm's stock in a transaction dated Wednesday, February 4th. The shares were bought at an average price of $500.00 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the director owned 16,076 shares of the company's stock, valued at approximately $8,038,000. This trade represents a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Cavco Industries Trading Up 2.8%
Shares of CVCO stock traded up $14.55 during trading hours on Friday, reaching $537.51. The stock had a trading volume of 57,464 shares, compared to its average volume of 240,640. The stock's fifty day simple moving average is $608.22 and its 200 day simple moving average is $553.40. The firm has a market capitalization of $4.17 billion, a PE ratio of 23.19 and a beta of 1.32. Cavco Industries, Inc. has a 12 month low of $393.53 and a 12 month high of $713.01.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its earnings results on Thursday, January 29th. The construction company reported $5.58 earnings per share for the quarter, missing analysts' consensus estimates of $6.00 by ($0.42). Cavco Industries had a return on equity of 17.84% and a net margin of 8.37%.The firm had revenue of $580.99 million for the quarter, compared to the consensus estimate of $593.37 million. As a group, equities research analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cavco Industries by 12.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company's stock worth $86,000 after buying an additional 22 shares during the period. Sheets Smith Wealth Management increased its stake in Cavco Industries by 1.4% in the 3rd quarter. Sheets Smith Wealth Management now owns 2,245 shares of the construction company's stock worth $1,304,000 after purchasing an additional 31 shares during the period. Nisa Investment Advisors LLC lifted its position in Cavco Industries by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 872 shares of the construction company's stock valued at $506,000 after purchasing an additional 32 shares during the last quarter. Guidance Capital Inc. boosted its stake in shares of Cavco Industries by 3.3% during the third quarter. Guidance Capital Inc. now owns 1,122 shares of the construction company's stock valued at $663,000 after purchasing an additional 36 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Cavco Industries by 27.4% in 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 last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CVCO has been the subject of several recent analyst reports. CJS Securities upgraded Cavco Industries to a "strong-buy" rating in a research report on Thursday, December 11th. Zelman & Associates upgraded shares of Cavco Industries to an "outperform" rating in a research report on Thursday. Zacks Research lowered shares of Cavco Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Cavco Industries in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Cavco Industries presently has an average rating of "Moderate Buy" and an average target price of $550.00.
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About Cavco Industries
(
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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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