Wedbush Reiterates Neutral Rating for Cavco Industries (NASDAQ:CVCO)

Key Points

• Wedbush has reaffirmed a neutral rating for Cavco Industries (NASDAQ:CVCO) with a target price of $550.00, indicating a potential upside of 27.48% from its current price.
• Cavco Industries reported earnings of $6.42 per share for the last quarter, exceeding analyst expectations by $0.61 and generating revenues of $556.86 million.
• Institutional investors have significantly increased their stakes in Cavco, with Vanguard Group adding 5.1% to its holdings and FMR LLC raising theirs by 118.8%.

Cavco Industries (NASDAQ:CVCO - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at Wedbush in a research report issued on Monday,RTT News reports. They presently have a $550.00 price objective on the construction company's stock. Wedbush's target price would suggest a potential upside of 21.09% from the stock's previous close. Wedbush also issued estimates for Cavco Industries' Q2 2026 earnings at $6.30 EPS, 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, Q3 2027 earnings at $6.07 EPS, Q4 2027 earnings at $6.61 EPS and FY2027 earnings at $25.40 EPS.

Separately, Wall Street Zen downgraded Cavco Industries from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Cavco Industries Price Performance

Shares of CVCO stock traded up $2.72 during trading on Monday, reaching $454.21. The company had a trading volume of 61,549 shares, compared to its average volume of 119,162. The firm's 50 day simple moving average is $427.86 and its two-hundred day simple moving average is $477.40. Cavco Industries has a one year low of $359.26 and a one year high of $549.99. The company has a market capitalization of $3.60 billion, a PE ratio of 19.69 and a beta of 1.15.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.42 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $524.97 million. Analysts forecast that Cavco Industries will post 21.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC acquired a new stake in shares of Cavco Industries during the 4th quarter worth approximately $308,000. LPL Financial LLC boosted its stake in Cavco Industries by 174.5% in 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 acquiring an additional 7,703 shares during the last quarter. Norges Bank bought a new stake in shares of Cavco Industries during the fourth quarter worth $17,730,000. Finally, Pictet Asset Management Holding SA raised its position in shares of 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 acquiring an additional 259 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

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.