Cavco Industries, Inc. $CVCO Holdings Decreased by Boston Trust Walden Corp

Key Points

• Boston Trust Walden reduced its Cavco Industries stake by 4.3%, selling 6,657 shares in the third quarter. It still held 149,056 shares, worth about $83.5 million.
• Cavco reported quarterly earnings of $7.17 per share, beating the $5.52 consensus estimate, while revenue of $656.4 million topped expectations of $613.1 million.
• Analyst sentiment is generally positive: the stock has a “Moderate Buy” consensus rating and an average price target of $695, though Northland’s $650 target is below the cited share price of $679.07.

Boston Trust Walden Corp cut its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 149,056 shares of the construction company's stock after selling 6,657 shares during the quarter. Boston Trust Walden Corp owned about 1.94% of Cavco Industries worth $83,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CVCO. BlackRock Inc. purchased a new stake in Cavco Industries during the 2nd quarter worth about $767,112,000. Jupiter Topco LLC bought a new position in Cavco Industries in the 2nd quarter worth about $42,954,000. Neumeier Poma Investment Counsel LLC purchased a new position in Cavco Industries during the 2nd quarter valued at about $42,826,587. Bessemer Group Inc. grew its holdings 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 buying an additional 2,008 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new position in Cavco Industries during the 2nd quarter valued at about $33,133,000. 95.56% of the stock is currently owned by institutional investors.

Cavco Industries Stock Performance

NASDAQ:CVCO opened at $679.07 on Thursday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 1.76 and a beta of 1.29. Cavco Industries, Inc. has a 52-week low of $443.33 and a 52-week high of $713.01. The stock has a fifty day moving average of $553.82 and a 200 day moving average of $551.75.

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 the consensus estimate of $5.52 by $1.65. The business had revenue of $656.38 million during the quarter, compared to analysts' expectations of $613.12 million. Cavco Industries had a return on equity of 16.60% and a net margin of 7.68%. Equities analysts forecast that Cavco Industries, Inc. will post 24.62 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Cavco Industries

In other news, CAO Paul Bigbee sold 342 shares of Cavco Industries stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $592.00, for a total transaction of $202,464.00. Following the completion of the sale, the chief accounting officer owned 736 shares in the company, valued at approximately $435,712. This trade represents a 31.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

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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