Cavco Industries (CVCO) Set to Release Quarterly Earnings on Thursday

Cavco Industries (NASDAQ:CVCO – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 26th. Analysts expect Cavco Industries to post earnings of $4.91 per share for the quarter.

CVCO traded down $0.81 during trading on Friday, reaching $225.26. The company’s stock had a trading volume of 5 shares, compared to its average volume of 46,554. Cavco Industries has a 52-week low of $205.00 and a 52-week high of $327.24. The company’s fifty day moving average price is $246.25 and its 200-day moving average price is $273.95. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 12.34 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.58.

Several brokerages have recently commented on CVCO. Wedbush boosted their price target on Cavco Industries from $255.00 to $315.00 and gave the stock a “neutral” rating in a research note on Monday, February 7th. Craig Hallum decreased their price target on Cavco Industries from $426.00 to $340.00 in a research note on Monday, April 18th. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Finally, Zacks Investment Research lowered Cavco Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 11th.

Institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its holdings in Cavco Industries by 25.2% in the 1st quarter. US Bancorp DE now owns 388 shares of the construction company’s stock valued at $94,000 after acquiring an additional 78 shares during the last quarter. Guggenheim Capital LLC acquired a new position in Cavco Industries in the 4th quarter valued at $201,000. Zebra Capital Management LLC acquired a new position in Cavco Industries in the 1st quarter valued at $209,000. Graham Capital Management L.P. acquired a new position in Cavco Industries in the 1st quarter valued at $239,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in Cavco Industries in the 4th quarter valued at $243,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.

Cavco Industries Company Profile (Get Rating)

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle, and Destiny brands.

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