Cavco Industries, Inc. (NASDAQ:CVCO) Receives Consensus Rating of “Hold” from Analysts

Shares of Cavco Industries, Inc. (NASDAQ:CVCO) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $550.00.

Several equities research analysts have recently weighed in on the company. Zelman & Associates raised Cavco Industries to an “outperform” rating in a report on Thursday, February 5th. Weiss Ratings downgraded shares of Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. CJS Securities upgraded shares of Cavco Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research lowered shares of Cavco Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th.

Cavco Industries Trading Down 0.0%

Shares of Cavco Industries stock traded down $0.08 on Friday, hitting $472.56. The stock had a trading volume of 50,481 shares, compared to its average volume of 203,593. Cavco Industries has a 52-week low of $393.53 and a 52-week high of $713.01. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 20.53 and a beta of 1.28. The company’s 50 day moving average price is $561.01 and its 200 day moving average price is $569.86.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, January 29th. The construction company reported $5.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.00 by ($0.42). The firm had revenue of $580.99 million for the quarter, compared to analysts’ expectations of $593.37 million. Cavco Industries had a return on equity of 17.84% and a net margin of 8.37%. Analysts predict that Cavco Industries will post 21.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO William C. Boor acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was bought at an average cost of $495.00 per share, with a total value of $495,000.00. Following the transaction, the chief executive officer owned 48,022 shares of the company’s stock, valued at $23,770,890. The trade was a 2.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Greenblatt bought 413 shares of the stock in a transaction on Tuesday, February 3rd. The stock was bought at an average price of $463.01 per share, for a total transaction of $191,223.13. Following the completion of the purchase, the director directly owned 15,989 shares in the company, valued at approximately $7,403,066.89. The trade was a 2.65% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 1,800 shares of company stock valued at $866,592 over the last quarter. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cavco Industries

Hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new position in Cavco Industries in the 3rd quarter valued at $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cavco Industries in the 4th quarter worth $46,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Cavco Industries in the fourth quarter valued at about $50,000. Los Angeles Capital Management LLC purchased a new stake in shares of Cavco Industries in the fourth quarter valued at about $54,000. Finally, Danske Bank A S acquired a new position in shares of Cavco Industries during the third quarter worth about $58,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cavco Industries Company Profile

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.