Northland Securities Forecasts CVCO Q2 Earnings

Key Points

• Northland Securities forecasts Cavco Industries (CVCO) to earn $5.52 per share in Q2 2027, rates the stock “Outperform,” and sets a $650 price target. It projects fiscal 2027 EPS of $22.49 and fiscal 2028 EPS of $27.71.
• Cavco’s latest quarterly results exceeded expectations, with EPS of $7.17 versus the $5.52 consensus and revenue of $656.38 million versus $613.12 million expected.
• Analyst sentiment remains favorable, with CVCO carrying a consensus “Moderate Buy” rating and an average price target of $690; institutional investors own approximately 95.56% of the company.

Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) - Stock analysts at Northland Securities issued their Q2 2027 EPS estimates for shares of Cavco Industries in a note issued to investors on Wednesday, October 28th. Northland Securities analyst G. Gibas expects that the construction company will post earnings of $5.52 per share for the quarter. Northland Securities currently has an "Outperform" rating and a $650.00 price target on the stock. The consensus estimate for Cavco Industries' current full-year earnings is $22.66 per share. Northland Securities also issued estimates for Cavco Industries' Q3 2027 earnings at $5.86 EPS, Q4 2027 earnings at $5.68 EPS, FY2027 earnings at $22.49 EPS and FY2028 earnings at $27.71 EPS.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its earnings results on Thursday, October 29th. The construction company reported $7.17 EPS for the quarter, topping analysts' consensus estimates of $5.52 by $1.65. Cavco Industries had a net margin of 7.89% and a return on equity of 16.51%. The business had revenue of $656.38 million for the quarter, compared to analysts' expectations of $613.12 million.

Other equities research analysts have also issued research reports about the stock. Zacks Research upgraded shares of Cavco Industries from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 29th. Oppenheimer started coverage on Cavco Industries in a research note on Wednesday, September 30th. They issued an "outperform" rating and a $720.00 target price for the company. Zelman & Associates lowered Cavco Industries from an "outperform" rating to a "neutral" rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded Cavco Industries from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $690.00.

Cavco Industries Stock Up 2.8%

NASDAQ:CVCO opened at $547.25 on Friday. Cavco Industries has a 52 week low of $443.33 and a 52 week high of $713.01. The company has a market cap of $4.21 billion, a PE ratio of 23.81 and a beta of 1.27. The business's 50 day moving average is $548.27 and its two-hundred day moving average is $552.38.

Insider Activity at Cavco Industries

In other news, CAO Paul Bigbee sold 342 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $592.00, for a total value of $202,464.00. Following the completion of the sale, the chief accounting officer owned 736 shares in the company, valued at $435,712. This represents a 31.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Cavco Industries in the second quarter worth approximately $767,112,000. Jupiter Topco LLC bought a new position in shares of Cavco Industries in the second quarter worth about $42,954,000. Neumeier Poma Investment Counsel LLC acquired a new position in shares of Cavco Industries during the second quarter worth approximately $42,826,587. Bessemer Group Inc. raised its stake in Cavco Industries by 3.5% during the 1st quarter. Bessemer Group Inc. now owns 59,878 shares of the construction company's stock valued at $28,998,000 after purchasing an additional 2,008 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new stake in shares of Cavco Industries in the second quarter valued at about $33,133,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Key Cavco Industries News

Here are the key news stories impacting Cavco Industries this week:

• Positive Sentiment: Cavco reported fiscal 2027 second-quarter revenue of $656.4 million, up 17.9% year over year, driven by higher home sales volume and average selling prices. Adjusted earnings of $7.17 per share exceeded the $5.52 consensus estimate by $1.65, while revenue surpassed expectations of $613.1 million. Cavco Industries Reports Fiscal 2027 Second Quarter Results
• Positive Sentiment: Northland Securities initiated coverage with an Outperform rating and a $650 price target, implying approximately 18.8% upside from the referenced $547.25 price. Its forecasts call for $22.49 in fiscal 2027 EPS and $27.71 in fiscal 2028 EPS, suggesting continued earnings growth. Northland Securities Initiates Coverage on Cavco Industries
• Positive Sentiment: Sell-side opinion remains favorable overall: analysts rate CVCO a “Moderate Buy,” supported by the earnings beat, expanding backlogs and the company’s scale. The combination of stronger demand, pricing and volume growth may reinforce the long-term growth thesis. Cavco Industries Stock Rated Moderate Buy by Sell-Side Analysts
• Neutral Sentiment: Northland’s quarterly forecasts project fiscal 2027 EPS of $5.52 in the second quarter, $5.86 in the third quarter and $5.68 in the fourth quarter. Its full-year estimate of $22.49 is slightly below the broader $22.66 consensus, although the longer-term fiscal 2028 estimate is substantially higher.
• Negative Sentiment: Craig Hallum’s earlier $5.21 EPS forecast for the reported quarter was below consensus, highlighting some analyst caution around future results despite the latest substantial earnings and revenue beat.

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.

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