Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) - Wedbush lowered their Q4 2026 EPS estimates for shares of Cavco Industries in a research note issued on Tuesday, May 27th. Wedbush analyst J. Mccanless now expects that the construction company will earn $5.84 per share for the quarter, down from their prior estimate of $6.52. Wedbush has a "Neutral" rating and a $550.00 price objective 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' Q4 2027 earnings at $6.36 EPS.
Separately, Wall Street Zen cut shares of Cavco Industries from a "buy" rating to a "hold" rating in a research report on Friday.
Read Our Latest Stock Report on CVCO
Cavco Industries Stock Down 3.0%
Shares of CVCO traded down $13.15 during midday trading on Thursday, reaching $420.45. The company had a trading volume of 23,673 shares, compared to its average volume of 65,534. Cavco Industries has a 1-year low of $331.08 and a 1-year high of $549.99. The firm has a 50 day simple moving average of $493.30 and a 200-day simple moving average of $493.56. The stock has a market cap of $3.37 billion, a PE ratio of 20.76 and a beta of 1.29.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $508.36 million for the quarter, compared to the consensus estimate of $504.15 million. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%.
Insider Activity at Cavco Industries
In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the sale, the director now owns 15,286 shares of the company's stock, valued at $8,084,459.68. This trade represents a 20.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Cavco Industries
Several large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Cavco Industries by 71,961.9% during the 1st quarter. GAMMA Investing LLC now owns 229,157 shares of the construction company's stock worth $119,077,000 after purchasing an additional 228,839 shares during the last quarter. FMR LLC increased its position in shares of Cavco Industries by 118.8% during the fourth quarter. FMR LLC now owns 296,343 shares of the construction company's stock valued at $132,237,000 after acquiring an additional 160,899 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Cavco Industries by 1,030.9% in the 4th quarter. Janus Henderson Group PLC now owns 72,534 shares of the construction company's stock valued at $32,371,000 after acquiring an additional 66,120 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Cavco Industries by 64.0% in the 1st quarter. Ameriprise Financial Inc. now owns 155,765 shares of the construction company's stock valued at $80,940,000 after acquiring an additional 60,779 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Cavco Industries in the 4th quarter worth approximately $20,382,000. Institutional investors and hedge funds own 95.56% of the company's stock.
Cavco Industries Company Profile
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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.
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