Cavco Industries (NASDAQ:CVCO) Research Coverage Started at Northland Securities

Northland Securities assumed coverage on shares of Cavco Industries (NASDAQ:CVCO) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $650.00 price objective on the construction company’s stock. Northland Securities also issued estimates for Cavco Industries’ Q2 2027 earnings at $5.52 EPS, Q3 2027 earnings at $5.86 EPS, Q4 2027 earnings at $5.68 EPS, FY2027 earnings at $22.49 EPS and FY2028 earnings at $27.71 EPS.

CVCO has been the subject of several other reports. Zacks Research upgraded shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings raised shares of Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Zelman & Associates downgraded shares of Cavco Industries from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 6th. Finally, Oppenheimer assumed coverage on shares of Cavco Industries in a report on Wednesday, September 30th. They issued an “outperform” rating and a $720.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $690.00.

Cavco Industries Stock Performance

Cavco Industries stock opened at $619.00 on Wednesday. The firm has a market capitalization of $4.76 billion, a PE ratio of 26.23 and a beta of 1.27. Cavco Industries has a one year low of $443.33 and a one year high of $713.01. The stock’s 50 day moving average price is $549.07 and its 200 day moving average price is $552.09.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $7.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.52 by $1.65. Cavco Industries had a net margin of 7.68% and a return on equity of 16.74%. The company had revenue of $656.38 million during the quarter, compared to the consensus estimate of $613.12 million. On average, analysts forecast that Cavco Industries will post 22.60 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cavco Industries news, CAO Paul Bigbee sold 342 shares of Cavco Industries stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $592.00, for a total transaction of $202,464.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cavco Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd increased its position in Cavco Industries by 13.2% in the 3rd quarter. Covestor Ltd now owns 172 shares of the construction company’s stock worth $97,000 after purchasing an additional 20 shares during the last quarter. Choreo LLC raised its stake in shares of Cavco Industries by 6.1% during the 3rd quarter. Choreo LLC now owns 383 shares of the construction company’s stock worth $215,000 after purchasing an additional 22 shares in the last quarter. Signaturefd LLC raised its stake in shares of Cavco Industries by 96.3% during the 3rd quarter. Signaturefd LLC now owns 53 shares of the construction company’s stock worth $30,000 after purchasing an additional 26 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Cavco Industries by 8.6% during the 2nd quarter. GAMMA Investing LLC now owns 415 shares of the construction company’s stock worth $255,000 after purchasing an additional 33 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Cavco Industries by 26.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 156 shares of the construction company’s stock valued at $96,000 after buying an additional 33 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cavco Industries News Roundup

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 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.