Cavco Industries (NASDAQ:CVCO) Stock Price Breaks Above 200-Day Moving Average – Should You Sell?

Shares of Cavco Industries, Inc. (NASDAQ:CVCO) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $552.09 and traded as high as $632.89. Cavco Industries shares last traded at $619.00, with a volume of 248,700 shares changing hands.

Trending Headlines about Cavco Industries

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Zelman & Associates cut shares of Cavco Industries from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 6th. Zacks Research raised shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings upgraded shares of Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Northland Securities started coverage on shares of Cavco Industries in a research report on Wednesday. They set an “outperform” rating and a $650.00 price target on the stock. Finally, Oppenheimer began coverage on shares of Cavco Industries in a research report on Wednesday, September 30th. They set an “outperform” rating and a $720.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $690.00.

Cavco Industries Stock Performance

The business has a 50-day moving average of $549.07 and a 200-day moving average of $552.09. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 26.23 and a beta of 1.27.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, October 29th. The construction company reported $7.17 EPS for the quarter, beating analysts’ consensus estimates of $5.52 by $1.65. The company had revenue of $656.38 million for the quarter, compared to analysts’ expectations of $613.12 million. Cavco Industries had a net margin of 7.68% and a return on equity of 16.74%. Equities analysts predict that Cavco Industries, Inc. will post 22.60 earnings per share for the current fiscal year.

Insider Activity at Cavco Industries

In related news, CAO Paul Bigbee sold 342 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $592.00, for a total transaction of $202,464.00. Following the completion of the transaction, the chief accounting officer owned 736 shares of the company’s stock, valued at approximately $435,712. This trade represents a 31.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Cavco Industries in the 2nd quarter valued at about $767,112,000. Jupiter Topco LLC purchased a new stake in shares of Cavco Industries during the second quarter worth approximately $42,954,000. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of Cavco Industries during the second quarter worth approximately $42,826,587. Bessemer Group Inc. increased its stake in shares of Cavco Industries by 3.5% during the first quarter. Bessemer Group Inc. now owns 59,878 shares of the construction company’s stock worth $28,998,000 after buying an additional 2,008 shares during the period. Finally, Punch & Associates Investment Management Inc. acquired a new stake in Cavco Industries in the second quarter valued at approximately $33,133,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

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.