Q4 2024 EPS Estimates for Cavco Industries, Inc. Decreased by Wedbush (NASDAQ:CVCO)

Cavco Industries, Inc. (NASDAQ:CVCO – Get Rating) – Stock analysts at Wedbush lowered their Q4 2024 earnings per share estimates for shares of Cavco Industries in a research note issued to investors on Friday, May 12th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $6.21 per share for the quarter, down from their prior forecast of $6.50. Wedbush has a “Outperform” rating and a $410.00 price target on the stock. The consensus estimate for Cavco Industries’ current full-year earnings is $27.36 per share. Wedbush also issued estimates for Cavco Industries’ FY2025 earnings at $28.34 EPS.

CVCO has been the subject of several other reports. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Craig Hallum increased their price target on Cavco Industries from $310.00 to $357.00 in a research note on Monday, April 24th.

Cavco Industries Price Performance

NASDAQ:CVCO opened at $296.53 on Monday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 10.85 and a beta of 1.22. Cavco Industries has a one year low of $179.47 and a one year high of $318.00. The business has a fifty day moving average price of $295.13 and a 200-day moving average price of $263.17.

Insider Activity at Cavco Industries

In related news, insider Gavin Ryan sold 3,000 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $290.03, for a total value of $870,090.00. Following the completion of the transaction, the insider now owns 529 shares of the company’s stock, valued at approximately $153,425.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.62% of the stock is owned by insiders.

Institutional Trading of Cavco Industries

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Cavco Industries by 4.6% in the first quarter. Vanguard Group Inc. now owns 789,464 shares of the construction company’s stock worth $190,142,000 after purchasing an additional 34,461 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cavco Industries by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 399,103 shares of the construction company’s stock worth $126,808,000 after purchasing an additional 5,015 shares during the last quarter. State Street Corp lifted its stake in Cavco Industries by 3.4% in the first quarter. State Street Corp now owns 322,818 shares of the construction company’s stock worth $77,751,000 after purchasing an additional 10,654 shares during the last quarter. Broad Bay Capital Management LP raised its stake in shares of Cavco Industries by 9.0% during the third quarter. Broad Bay Capital Management LP now owns 292,000 shares of the construction company’s stock valued at $60,082,000 after acquiring an additional 24,000 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of Cavco Industries by 0.5% during the fourth quarter. Boston Trust Walden Corp now owns 248,266 shares of the construction company’s stock valued at $56,170,000 after acquiring an additional 1,246 shares in the last quarter. Institutional investors own 93.32% of the company’s stock.

Cavco Industries Company Profile

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Cavco Industries, Inc engages in the development of residential modular structures. It offers manufactured homes, modular homes, park model RVs and cabins, commercial structures, mortgage lending, and insurance. The firm’s brands include Cavco, Fleetwood, Palm Harbor and Fairmont, Friendship, Chariot Eagle and Destiny.