Should I buy or sell Cavco Industries stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cavco Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CVCO shares. View CVCO analyst ratings or view top-rated stocks .

What is Cavco Industries' stock price target for 2024?

1 analysts have issued 1 year target prices for Cavco Industries' stock. Their CVCO share price targets range from $338.00 to $390.00. On average, they predict the company's stock price to reach $364.00 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price. View analysts price targets for CVCO or view top-rated stocks among Wall Street analysts .

How have CVCO shares performed in 2024?

Cavco Industries' stock was trading at $346.62 at the beginning of 2024. Since then, CVCO stock has increased by 4.4% and is now trading at $362.00. View the best growth stocks for 2024 here .

Are investors shorting Cavco Industries?

Cavco Industries saw a drop in short interest in March. As of March 31st, there was short interest totaling 191,100 shares, a drop of 19.1% from the March 15th total of 236,200 shares. Based on an average trading volume of 63,100 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.4% of the shares of the company are sold short. View Cavco Industries' Short Interest .

When is Cavco Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024. View our CVCO earnings forecast .

How were Cavco Industries' earnings last quarter?

Cavco Industries, Inc. (NASDAQ:CVCO) announced its quarterly earnings results on Friday, February, 2nd. The construction company reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.36 by $0.09. The construction company earned $446.77 million during the quarter, compared to the consensus estimate of $428.40 million. Cavco Industries had a net margin of 9.25% and a trailing twelve-month return on equity of 17.00%. During the same period last year, the firm earned $6.66 earnings per share.

What ETFs hold Cavco Industries' stock?

ETFs with the largest weight of Cavco Industries (NASDAQ:CVCO) stock in their portfolio include Ballast Small/Mid Cap ETF (MGMT) , Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) , Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) , SPDR S&P Homebuilders ETF (XHB) , Invesco S&P SmallCap 600 Pure Growth ETF (RZG) , AlphaMark Actively Managed Small Cap ETF (SMCP) , iShares U.S. Home Construction ETF (ITB) and Pacer US Small Cap Cash Cows 100 ETF (CALF) .

What other stocks do shareholders of Cavco Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cavco Industries investors own include AT&T (T) , AbbVie (ABBV) , Home Depot (HD) , Verizon Communications (VZ) , Block (SQ) , CVS Health (CVS) , Walt Disney (DIS) , NVIDIA (NVDA) , Advanced Micro Devices (AMD) and Bank of America (BAC) .

Who are Cavco Industries' major shareholders?

Cavco Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.14%), West Coast Financial LLC (0.02%) and Mather Group LLC. (0.00%). Insiders that own company stock include Gavin Ryan, Matthew A Nino, Paul Bigbee, Steven G Bunger and Steven K Like . View institutional ownership trends .

How do I buy shares of Cavco Industries?

Shares of CVCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CVCO

Cavco Industries (CVCO) Stock Price, News & Analysis

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$361.68

-8.75 (-2.36%)

(As of 10:36 AM ET)

Compare

Today's Range: $360.62
▼
$370.03
50-Day Range: $349.13
▼
$399.06
52-Week Range: $233.84
▼
$400.99

Volume: 9,068 shs
Average Volume: 63,040 shs
Market Capitalization: $3.02 billion

P/E Ratio: 18.35
Dividend Yield: N/A
Price Target: $364.00

Get Cavco Industries alerts:

Cavco Industries MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 0.6% Upside
$364.00 Price Target
Short Interest: Healthy
2.43% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.27
Based on 3 Articles This Week
Insider Trading: Selling Shares
$944,708 Sold Last Quarter
Proj. Earnings Growth: 23.12%
From $19.46 to $23.96 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.64 out of 5 stars

Construction Sector

68th out of 101 stocks

Mobile Homes Industry

2nd out of 3 stocks

1.5

Analyst's Opinion

Consensus Rating
Cavco Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Cavco Industries has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.43% of the float of Cavco Industries has been sold short.
Short Interest Ratio / Days to Cover
Cavco Industries has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cavco Industries has recently decreased by 19.09%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Cavco Industries does not currently pay a dividend.
Dividend Growth
Cavco Industries does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CVCO.

2.9

News and Social Media Coverage

News Sentiment
Cavco Industries has a news sentiment score of 1.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Cavco Industries this week, compared to 3 articles on an average week.
MarketBeat Follows
4 people have added Cavco Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cavco Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $944,708.00 in company stock.
Percentage Held by Insiders
Only 1.73% of the stock of Cavco Industries is held by insiders.
Percentage Held by Institutions
95.56% of the stock of Cavco Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Cavco Industries are expected to grow by 23.12% in the coming year, from $19.46 to $23.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cavco Industries is 18.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cavco Industries is 18.37, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 17.07.
Price to Book Value per Share Ratio
Cavco Industries has a P/B Ratio of 3.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Cavco Industries Stock (NASDAQ:CVCO)

Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands. It also produces park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. In addition, the company produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. Further, it provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Additionally, the company offers property and casualty insurance to owners of manufactured homes. It distributes its products through a network of independent and company-owned retailers, planned community operators, and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.

CVCO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CVCO Stock News Headlines

April 9, 2024 | seekingalpha.com

Quarterly Update: Analyzing Cavco's Triumph In Affordable Housing

April 5, 2024 | fool.com

Cavco Industries (NASDAQ: CVCO)

April 16, 2024 | InvestorPlace (Ad)

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March 20, 2024 | seekingalpha.com

Cavco Industries: Fantastic Business But Transition Period To Avoid

March 16, 2024 | edition.cnn.com

Cavco Industries, Inc.

March 8, 2024 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Gap (GPS) and Cavco Industries (CVCO)

March 8, 2024 | globenewswire.com

Cavco Industries Receives Training Magazine APEX Award Recognition

March 6, 2024 | globenewswire.com

Cavco Industries Announces Ratification of Collective Bargaining Agreement at Emlenton, Pennsylvania Plant

April 16, 2024 | InvestorPlace (Ad)

Elon Musk’s ChatGPT Could Soon Mint New Millionaires

Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.

February 29, 2024 | marketwatch.com

Cavco Industries: Workers Opt for Strike at Emlenton, Pa., Plant

February 29, 2024 | finance.yahoo.com

Collective Bargaining Agreement Covering Employees of Cavco’s Emlenton, Pennsylvania Plant Expires

February 29, 2024 | globenewswire.com

Collective Bargaining Agreement Covering Employees of Cavco's Emlenton, Pennsylvania Plant Expires

February 26, 2024 | globenewswire.com

Cavco Announces the First Homes Have Been Purchased by Graduates of Its Homes for Our Own Program

February 24, 2024 | msn.com

Cavco Industries (CVCO) Price Target Increased by 9.69% to 400.18

February 19, 2024 | finance.yahoo.com

What Does Cavco Industries, Inc.'s (NASDAQ:CVCO) Share Price Indicate?

February 16, 2024 | finance.yahoo.com

CVCO Mar 2024 260.000 call

February 16, 2024 | finance.yahoo.com

CVCO Mar 2024 310.000 put

February 14, 2024 | ca.finance.yahoo.com

CVCO Mar 2024 390.000 call

February 13, 2024 | ca.finance.yahoo.com

CVCO Mar 2024 210.000 call

February 13, 2024 | ca.finance.yahoo.com

CVCO Mar 2024 290.000 put

February 13, 2024 | finance.yahoo.com

CVCO Feb 2024 250.000 call

February 3, 2024 | finance.yahoo.com

Cavco Industries, Inc. (NASDAQ:CVCO) Q3 2024 Earnings Call Transcript

February 3, 2024 | finance.yahoo.com

Q3 2024 Cavco Industries Inc Earnings Call

February 2, 2024 | finance.yahoo.com

Seth Schuknecht Appointed General Counsel, Corporate Secretary and Chief Compliance Officer of Cavco Industries, Inc.

February 2, 2024 | finanznachrichten.de

Cavco Industries, Inc.: Cavco Industries Reports Fiscal 2024 Third Quarter Results and Announces New $100 Million Stock Repurchase Program

February 2, 2024 | markets.businessinsider.com

Analysts Offer Insights on Consumer Cyclical Companies: Tractor Supply (TSCO), Deckers Outdoor (DECK) and Cavco Industries (CVCO)

February 1, 2024 | msn.com

Cavco (CVCO) Lags Q3 Earnings Estimates

See More Headlines

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Company Calendar

Last Earnings: 2/02/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/16/2024
Fiscal Year End: 3/31/2025

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Construction
Industry: Mobile homes
Sub-Industry: Homebuilding
Current Symbol: NASDAQ:CVCO
CUSIP: 14956810
CIK: 278166
Web: www.cavco.com
Phone: (602) 256-6263
Fax: 602-256-6189
Employees: 7,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $364.00
High Stock Price Target: $390.00
Low Stock Price Target: $338.00
Potential Upside/Downside: -1.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $19.71
Trailing P/E Ratio: 18.79
Forward P/E Ratio: 19.04
P/E Growth: N/A
Net Income: $240.55 million
Net Margins: 9.25%
Pretax Margin: 11.60%
Return on Equity: 17.00%
Return on Assets: 12.78%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.07
Quick Ratio: 2.20

Sales & Book Value

Annual Sales: $2.14 billion
Price / Sales: 1.44
Cash Flow: $29.17 per share
Price / Cash Flow: 12.70
Book Value: $112.30 per share
Price / Book: 3.30

Miscellaneous

Outstanding Shares: 8,350,000
Free Float: 8,203,000
Market Cap: $3.09 billion
Optionable: Optionable
Beta: 1.15

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Key Executives

Mr. William C. Boor (Age 58)
President, CEO & Director
Comp: $3.11M
Ms. Allison K. Aden (Age 63)
Executive VP, CFO & Treasurer
Comp: $1.06M
Mr. Matthew Allen Nino (Age 55)
President of Retail
Comp: $1.44M
Mr. Brian R. Cira (Age 61)
President of Manufactured Housing
Comp: $1.74M
Mr. Paul W. Bigbee (Age 55)
Chief Accounting Officer
Comp: $356.94k
Mr. Anthony R. Crutcher
Chief Information Officer
Mr. Mark Fusler
Director of Financial Reporting & Investor Relations
Mr. Seth Schuknecht
EVP, General Counsel, Chief Compliance Officer & Corporate Secretary
Ms. Colleen J. Rogers
Senior Vice President of Marketing & Communications
Mr. Steven Keith Like (Age 67)
Senior Vice President of Corporate Development
Comp: $373.49k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CVCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Cavco Industries stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cavco Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CVCO shares.
View CVCO analyst ratings or view top-rated stocks.
What is Cavco Industries' stock price target for 2024?: 1 analysts have issued 1 year target prices for Cavco Industries' stock. Their CVCO share price targets range from $338.00 to $390.00. On average, they predict the company's stock price to reach $364.00 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
View analysts price targets for CVCO or view top-rated stocks among Wall Street analysts.
How have CVCO shares performed in 2024?: Cavco Industries' stock was trading at $346.62 at the beginning of 2024. Since then, CVCO stock has increased by 4.4% and is now trading at $362.00.
View the best growth stocks for 2024 here.
Are investors shorting Cavco Industries?: Cavco Industries saw a drop in short interest in March. As of March 31st, there was short interest totaling 191,100 shares, a drop of 19.1% from the March 15th total of 236,200 shares. Based on an average trading volume of 63,100 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.4% of the shares of the company are sold short.
View Cavco Industries' Short Interest.
When is Cavco Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our CVCO earnings forecast.
How were Cavco Industries' earnings last quarter?: Cavco Industries, Inc. (NASDAQ:CVCO) announced its quarterly earnings results on Friday, February, 2nd. The construction company reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.36 by $0.09. The construction company earned $446.77 million during the quarter, compared to the consensus estimate of $428.40 million. Cavco Industries had a net margin of 9.25% and a trailing twelve-month return on equity of 17.00%. During the same period last year, the firm earned $6.66 earnings per share.

What ETFs hold Cavco Industries' stock?: ETFs with the largest weight of Cavco Industries (NASDAQ:CVCO) stock in their portfolio include Ballast Small/Mid Cap ETF (MGMT), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), SPDR S&P Homebuilders ETF (XHB), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), AlphaMark Actively Managed Small Cap ETF (SMCP), iShares U.S. Home Construction ETF (ITB) and Pacer US Small Cap Cash Cows 100 ETF (CALF).
What other stocks do shareholders of Cavco Industries own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cavco Industries investors own include AT&T (T), AbbVie (ABBV), Home Depot (HD), Verizon Communications (VZ), Block (SQ), CVS Health (CVS), Walt Disney (DIS), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Bank of America (BAC).
Who are Cavco Industries' major shareholders?: Cavco Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.14%), West Coast Financial LLC (0.02%) and Mather Group LLC. (0.00%). Insiders that own company stock include Gavin Ryan, Matthew A Nino, Paul Bigbee, Steven G Bunger and Steven K Like.
View institutional ownership trends.
How do I buy shares of Cavco Industries?: Shares of CVCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CVCO) was last updated on 4/16/2024 by MarketBeat.com Staff

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