Wedbush Decreases Earnings Estimates for Cavco Industries

Key Points

• Wedbush has cut their Q2 2026 earnings estimate for Cavco Industries to $6.30 per share, down from $6.45, and maintains a "Neutral" rating with a $550 target price.
• Wall Street Zen downgraded Cavco Industries from a "buy" to a "hold" rating, reflecting concerns over the company's earnings outlook.
• Cavco Industries reported a strong Q1 earnings of $6.42 per share, exceeding expectations, and has seen significant institutional trading activity, with 95.56% of the stock owned by institutional investors.

Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) - Stock analysts at Wedbush reduced their Q2 2026 earnings per share estimates for shares of Cavco Industries in a research report issued on Monday, August 4th. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $6.30 per share for the quarter, down from their prior estimate of $6.45. Wedbush currently has a "Neutral" rating and a $550.00 target price on the stock. The consensus estimate for Cavco Industries' current full-year earnings is $21.93 per share. Wedbush also issued estimates for Cavco Industries' Q3 2026 earnings at $5.95 EPS, Q4 2026 earnings at $6.48 EPS, FY2026 earnings at $25.16 EPS, Q1 2027 earnings at $6.30 EPS, Q2 2027 earnings at $6.43 EPS and Q4 2027 earnings at $6.61 EPS.

Separately, Wall Street Zen cut shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

Cavco Industries Trading Up 0.6%

Cavco Industries stock traded up $2.72 during mid-day trading on Wednesday, hitting $454.21. 61,549 shares of the company's stock were exchanged, compared to its average volume of 119,162. The stock has a market cap of $3.60 billion, a P/E ratio of 19.69 and a beta of 1.15. Cavco Industries has a 1-year low of $359.26 and a 1-year high of $549.99. The stock has a 50 day moving average of $427.86 and a two-hundred day moving average of $477.40.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $6.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.61. Cavco Industries had a return on equity of 18.52% and a net margin of 8.99%. The business had revenue of $556.86 million during the quarter, compared to analyst estimates of $524.97 million.

Institutional Investors Weigh In On Cavco Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in Cavco Industries during the fourth quarter worth about $308,000. LPL Financial LLC lifted its stake in Cavco Industries by 174.5% during the fourth quarter. LPL Financial LLC now owns 2,114 shares of the construction company's stock worth $943,000 after purchasing an additional 1,344 shares during the period. JPMorgan Chase & Co. lifted its stake in Cavco Industries by 21.5% during the fourth quarter. JPMorgan Chase & Co. now owns 43,590 shares of the construction company's stock worth $19,451,000 after purchasing an additional 7,703 shares during the period. Norges Bank bought a new position in Cavco Industries during the fourth quarter worth about $17,730,000. Finally, Pictet Asset Management Holding SA lifted its stake in Cavco Industries by 30.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,117 shares of the construction company's stock worth $498,000 after purchasing an additional 259 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Cavco Industries Company Profile

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.