35,949 Shares of Cavco Industries, Inc. $CVCO Acquired by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors initiated a Cavco Industries stake, buying 35,949 shares valued at about $20.1 million, or approximately 0.47% of the company.
• Cavco reported quarterly EPS of $7.17, beating the $5.52 consensus, while revenue of $656.4 million exceeded estimates of $613.1 million.
• Analyst sentiment is broadly positive: Cavco has a “Moderate Buy” consensus rating and an average price target of $695, with some firms recently raising earnings forecasts or price targets.

Conestoga Capital Advisors LLC bought a new stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,949 shares of the construction company's stock, valued at approximately $20,141,000. Conestoga Capital Advisors LLC owned approximately 0.47% of Cavco Industries at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new position in Cavco Industries in the second quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in Cavco Industries in the second quarter valued at approximately $28,000. Root Financial Partners LLC bought a new stake in shares of Cavco Industries during the third quarter valued at approximately $28,000. Signaturefd LLC increased its holdings in shares of Cavco Industries by 96.3% during the third quarter. Signaturefd LLC now owns 53 shares of the construction company's stock valued at $30,000 after acquiring an additional 26 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Cavco Industries by 2,850.0% during the second quarter. IFP Advisors Inc now owns 59 shares of the construction company's stock valued at $36,000 after acquiring an additional 57 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CVCO. Zacks Research raised Cavco Industries from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 29th. Northland Securities began coverage on shares of Cavco Industries in a research report on Wednesday, October 28th. They issued an "outperform" rating and a $650.00 price target for the company. Weiss Ratings upgraded shares of Cavco Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday. Zelman & Associates lowered shares of Cavco Industries from an "outperform" rating to a "neutral" rating in a research note on Thursday, August 6th. Finally, Oppenheimer restated an "outperform" rating and set a $735.00 price objective (up from $720.00) on shares of Cavco Industries in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Cavco Industries currently has an average rating of "Moderate Buy" and an average price target of $695.00.

Trending Headlines about Cavco Industries

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

• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $24.17 from $22.49 and increased its FY2028 estimate to $28.28 from $27.71, signaling improved expectations for future earnings. It reiterated an Outperform rating. Cavco Industries analyst estimates
• Positive Sentiment: Craig-Hallum raised its price target to $750 from $640, a substantial increase that may reinforce investor optimism. Craig-Hallum raises Cavco price target
• Positive Sentiment: A Zacks article noted CVCO’s 15.86% gain over the preceding week, highlighting strong recent momentum that may attract momentum-focused investors. Cavco’s recent momentum
• Neutral Sentiment: Oppenheimer reaffirmed its Outperform rating, adding support but not representing a new rating change. Oppenheimer reaffirms Cavco Outperform rating
• Neutral Sentiment: Northland maintained a $650 price objective, below the $679.07 share price cited in the provided market data; that gap may temper the otherwise upbeat analyst signals. Cavco analyst coverage

Insider Buying and Selling at Cavco Industries

In other news, CAO Paul Bigbee sold 342 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 736 shares in the company, valued at $435,712. This trade represents a 31.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Cavco Industries Stock Performance

Shares of NASDAQ CVCO opened at $679.07 on Thursday. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.76 and a beta of 1.29. Cavco Industries, Inc. has a fifty-two week low of $443.33 and a fifty-two week high of $713.01. The firm's 50-day simple moving average is $553.82 and its 200 day simple moving average is $551.75.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $7.17 EPS for the quarter, topping analysts' consensus estimates of $5.52 by $1.65. The firm had revenue of $656.38 million during the quarter, compared to analyst estimates of $613.12 million. Cavco Industries had a return on equity of 16.60% and a net margin of 7.68%. On average, sell-side analysts predict that Cavco Industries, Inc. will post 24.62 EPS for the current year.

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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