Wedbush reissued their neutral rating on shares of Cavco Industries (NASDAQ:CVCO - Free Report) in a report published on Tuesday, Marketbeat reports. The brokerage currently has a $550.00 price objective on the construction company's stock. Wedbush also issued estimates for Cavco Industries' Q1 2026 earnings at $5.81 EPS, Q2 2026 earnings at $6.45 EPS, Q3 2026 earnings at $5.71 EPS, FY2026 earnings at $23.82 EPS, Q1 2027 earnings at $6.48 EPS, Q2 2027 earnings at $7.01 EPS, Q3 2027 earnings at $6.21 EPS and FY2027 earnings at $26.05 EPS.
Separately, Wall Street Zen downgraded shares of Cavco Industries from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.
Read Our Latest Report on CVCO
Cavco Industries Trading Down 4.7%
Cavco Industries stock traded down $21.68 during mid-day trading on Tuesday, hitting $435.03. The company had a trading volume of 158,846 shares, compared to its average volume of 65,321. The company has a market capitalization of $3.53 billion, a PE ratio of 21.41 and a beta of 1.29. Cavco Industries has a 12 month low of $331.08 and a 12 month high of $549.99. The stock's 50 day moving average price is $497.00 and its two-hundred day moving average price is $493.74.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The construction company reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.17. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. The business had revenue of $508.36 million during the quarter, compared to analyst estimates of $504.15 million. Equities research analysts anticipate that Cavco Industries will post 21.93 EPS for the current year.
Insider Activity at Cavco Industries
In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now directly owns 15,286 shares in the company, valued at approximately $8,084,459.68. The trade was a 20.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.
Institutional Investors Weigh In On Cavco Industries
Institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new stake in Cavco Industries during the fourth quarter worth approximately $67,000. Smartleaf Asset Management LLC boosted its position in Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after purchasing an additional 128 shares during the period. CWM LLC increased its position in Cavco Industries by 44.0% in the 1st quarter. CWM LLC now owns 157 shares of the construction company's stock worth $82,000 after buying an additional 48 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Cavco Industries by 2,850.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 177 shares of the construction company's stock valued at $92,000 after acquiring an additional 171 shares during the period. Finally, Blue Trust Inc. increased its stake in Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock valued at $105,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 95.56% of the company's stock.
About Cavco Industries
(
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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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