Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) saw unusually-high trading volume on Friday . Approximately 192,305 shares were traded during trading, an increase of 168% from the previous session's volume of 71,652 shares.The stock last traded at $403.78 and had previously closed at $415.94.
Wall Street Analysts Forecast Growth
CVCO has been the topic of several analyst reports. Wall Street Zen cut Cavco Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Wedbush reaffirmed a "neutral" rating and set a $550.00 target price on shares of Cavco Industries in a research report on Tuesday, May 27th.
Get Our Latest Stock Analysis on CVCO
Cavco Industries Stock Up 2.5%
The company has a market cap of $3.26 billion, a PE ratio of 20.00 and a beta of 1.16. The company has a 50-day moving average of $475.97 and a 200-day moving average of $487.60.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The construction company reported $5.40 EPS for the quarter, topping analysts' consensus estimates of $5.23 by $0.17. The business had revenue of $508.36 million for the quarter, compared to analyst estimates of $504.15 million. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, equities analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.
Institutional Trading of Cavco Industries
Several hedge funds have recently made changes to their positions in CVCO. GAMMA Investing LLC raised its stake in shares of Cavco Industries by 71,961.9% in the first quarter. GAMMA Investing LLC now owns 229,157 shares of the construction company's stock valued at $119,077,000 after buying an additional 228,839 shares during the period. FMR LLC raised its stake in shares of Cavco Industries by 118.8% in the fourth quarter. FMR LLC now owns 296,343 shares of the construction company's stock valued at $132,237,000 after buying an additional 160,899 shares during the period. Janus Henderson Group PLC raised its stake in shares of Cavco Industries by 1,030.9% in the fourth quarter. Janus Henderson Group PLC now owns 72,534 shares of the construction company's stock valued at $32,371,000 after buying an additional 66,120 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Cavco Industries by 64.0% in the first quarter. Ameriprise Financial Inc. now owns 155,765 shares of the construction company's stock valued at $80,940,000 after buying an additional 60,779 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Cavco Industries in the fourth quarter valued at $20,382,000. 95.56% of the stock is currently owned by institutional investors.
Cavco Industries Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Cavco Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cavco Industries wasn't on the list.
While Cavco Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
