Should I buy or sell Cavco Industries stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cavco Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CVCO shares. View CVCO analyst ratings or view top-rated stocks .

What is Cavco Industries' stock price target for 2024?

1 equities research analysts have issued 1 year price targets for Cavco Industries' stock. Their CVCO share price targets range from $338.00 to $390.00. On average, they predict the company's stock price to reach $364.00 in the next year. This suggests a possible upside of 23.0% from the stock's current price. View analysts price targets for CVCO or view top-rated stocks among Wall Street analysts .

How have CVCO shares performed in 2023?

Cavco Industries' stock was trading at $226.25 at the beginning of 2023. Since then, CVCO shares have increased by 30.8% and is now trading at $295.95. View the best growth stocks for 2023 here .

Are investors shorting Cavco Industries?

Cavco Industries saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 416,800 shares, a decrease of 10.1% from the October 31st total of 463,400 shares. Based on an average daily trading volume, of 61,700 shares, the short-interest ratio is currently 6.8 days. Approximately 5.4% of the shares of the stock are short sold. View Cavco Industries' Short Interest .

When is Cavco Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. View our CVCO earnings forecast .

How were Cavco Industries' earnings last quarter?

Cavco Industries, Inc. (NASDAQ:CVCO) issued its earnings results on Thursday, November, 2nd. The construction company reported $4.76 earnings per share for the quarter, missing the consensus estimate of $5.31 by $0.55. The construction company earned $452.03 million during the quarter, compared to analysts' expectations of $490.60 million. Cavco Industries had a net margin of 10.22% and a trailing twelve-month return on equity of 19.60%.

What ETFs hold Cavco Industries' stock?

ETFs with the largest weight of Cavco Industries (NASDAQ:CVCO) stock in their portfolio include Invesco Building & Construction ETF (PKB) , Alpha Architect U.S. Quantitative Value ETF (QVAL) , Ballast Small/Mid Cap ETF (MGMT) , Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) , Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) , iShares U.S. Home Construction ETF (ITB) , Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and SPDR S&P Homebuilders ETF (XHB) .

What other stocks do shareholders of Cavco Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cavco Industries investors own include AT&T (T) , AbbVie (ABBV) , Home Depot (HD) , Verizon Communications (VZ) , Block (SQ) , CVS Health (CVS) , Walt Disney (DIS) , NVIDIA (NVDA) , Advanced Micro Devices (AMD) and Bank of America (BAC) .

Who are Cavco Industries' major shareholders?

Cavco Industries' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (4.77%), American Century Companies Inc. (2.50%), Gamco Investors INC. ET AL (2.18%), Invesco Ltd. (2.10%), Boston Trust Walden Corp (1.94%) and Schroder Investment Management Group (1.64%). Insiders that own company stock include Gavin Ryan, Steven G Bunger and Steven K Like. View institutional ownership trends .

How do I buy shares of Cavco Industries?

Shares of CVCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Cavco Industries Stock Price, News & Analysis (NASDAQ:CVCO)

$297.36

+5.87 (+2.01%)

(As of 02:50 PM ET)

Compare

Today's Range: $288.57
▼
$298.65
50-Day Range: $248.21
▼
$292.99
52-Week Range: $219.92
▼
$318.00

Volume: 45,335 shs
Average Volume: 62,940 shs
Market Capitalization: $2.48 billion

P/E Ratio: 13.46
Dividend Yield: N/A
Price Target: $364.00

Cavco Industries MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 23.0% Upside
$364.00 Price Target
Short Interest: Healthy
5.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.96
Based on 3 Articles This Week
Insider Trading: Selling Shares
$993,236 Sold Last Quarter
Proj. Earnings Growth: 20.55%
From $19.76 to $23.82 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Construction Sector

14th out of 97 stocks

Mobile Homes Industry

1st out of 3 stocks

2.5

Analyst's Opinion

Consensus Rating
Cavco Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $364.00, Cavco Industries has a forecasted upside of 23.0% from its current price of $295.95.
Amount of Analyst Coverage
Cavco Industries has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.37% of the float of Cavco Industries has been sold short.
Short Interest Ratio / Days to Cover
Cavco Industries has a short interest ratio ("days to cover") of 6.8.
Change versus previous month
Short interest in Cavco Industries has recently decreased by 10.06%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Cavco Industries does not currently pay a dividend.
Dividend Growth
Cavco Industries does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CVCO.

3.3

News and Social Media Coverage

News Sentiment
Cavco Industries has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Cavco Industries this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for CVCO on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Cavco Industries to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cavco Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $993,236.00 in company stock.
Percentage Held by Insiders
Only 1.73% of the stock of Cavco Industries is held by insiders.
Percentage Held by Institutions
95.56% of the stock of Cavco Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Cavco Industries are expected to grow by 20.55% in the coming year, from $19.76 to $23.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cavco Industries is 13.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cavco Industries is 13.39, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 14.97.
Price to Book Value per Share Ratio
Cavco Industries has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cavco Industries Stock (NASDAQ:CVCO)

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. It also produces park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. In addition, the company produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. Further, it provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Additionally, the company offers property and casualty insurance to owners of manufactured homes. It distributes its products through a network of independent and company-owned retailers, planned community operators, and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.

CVCO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CVCO Stock News Headlines

November 29, 2023 | seekingalpha.com

Cavco Industries: Benefiting From Long-Term Tailwinds

November 21, 2023 | finance.yahoo.com

Insider Sell Alert: Senior Vice President Steven Like Sells Shares of Cavco Industries Inc

December 4, 2023 | Edge On The Street (Ad)

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November 17, 2023 | finance.yahoo.com

Insider Sell Alert: Director Steven Bunger Sells 4,000 Shares of Cavco Industries Inc (CVCO)

November 9, 2023 | finance.yahoo.com

Is Weakness In Cavco Industries, Inc. (NASDAQ:CVCO) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

November 7, 2023 | markets.businessinsider.com

Cavco Industries To See Stabilizing Backlog And Consistent Retail Demand, Says Analyst

November 5, 2023 | finance.yahoo.com

Cavco Industries, Inc. (NASDAQ:CVCO) Q2 2024 Earnings Call Transcript

November 5, 2023 | morningstar.com

Cavco Industries Inc CVCO

December 4, 2023 | DTI Trader (Ad)

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November 4, 2023 | finance.yahoo.com

Q2 2024 Cavco Industries Inc Earnings Call

November 2, 2023 | finance.yahoo.com

Cavco Industries Reports Fiscal 2024 Second Quarter Results

November 2, 2023 | finance.yahoo.com

Cavco Industries Inc (CVCO) Reports 21.7% Decline in Net Revenue and 44. ...

November 1, 2023 | markets.businessinsider.com

Cavco Industries is about to announce earnings — here's what Wall Street expects

October 27, 2023 | finance.yahoo.com

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 Second Quarter Earnings Release and Conference Call Webcast

September 19, 2023 | msn.com

Cavco Industries: High Quality Company, Stock Not As Cheap At It Seems

September 19, 2023 | msn.com

Cavco Industries: An Ideal Addition To Your Portfolio

September 19, 2023 | seekingalpha.com

Cavco Industries: Low-Cost Homes Are Up For Grabs As House Affordability Declines

September 18, 2023 | msn.com

Cavco Industries: Short-Term Issues, But A Long-Term Opportunity

September 4, 2023 | finance.yahoo.com

At US$284, Is It Time To Put Cavco Industries, Inc. (NASDAQ:CVCO) On Your Watch List?

August 15, 2023 | finance.yahoo.com

Why The 26% Return On Capital At Cavco Industries (NASDAQ:CVCO) Should Have Your Attention

August 5, 2023 | finance.yahoo.com

Q1 2024 Cavco Industries Inc Earnings Call

August 3, 2023 | finance.yahoo.com

Cavco Industries Reports Fiscal 2024 First Quarter Results and Announces New $100 Million Stock Repurchase Program

August 3, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Cavco Industries's earnings

July 29, 2023 | finance.yahoo.com

Investing in Cavco Industries (NASDAQ:CVCO) three years ago would have delivered you a 44% gain

July 28, 2023 | finance.yahoo.com

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 First Quarter Earnings Release and Conference Call Webcast

July 20, 2023 | finance.yahoo.com

Cavco (CVCO) is on the Move, Here's Why the Trend Could be Sustainable

July 2, 2023 | finance.yahoo.com

Estimating The Fair Value Of Cavco Industries, Inc. (NASDAQ:CVCO)

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/04/2023
Next Earnings (Estimated): 2/01/2024
Fiscal Year End: 3/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Mobile homes
Sub-Industry: Homebuilding
Sector: Construction
Current Symbol: NASDAQ:CVCO
CUSIP: 14956810
CIK: 278166
Web: www.cavco.com
Phone: (602) 256-6263
Fax: 602-256-6189
Employees: 7,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $364.00
High Stock Price Target: $390.00
Low Stock Price Target: $338.00
Potential Upside/Downside: +24.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $22.10
Trailing P/E Ratio: 13.19
Forward P/E Ratio: 14.75
P/E Growth: N/A
Net Income: $240.55 million
Net Margins: 10.22%
Pretax Margin: 12.97%
Return on Equity: 19.60%
Return on Assets: 14.71%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.87
Quick Ratio: 2.07

Sales & Book Value

Annual Sales: $2.14 billion
Price / Sales: 1.13
Cash Flow: $29.62 per share
Price / Cash Flow: 9.84
Book Value: $112.30 per share
Price / Book: 2.60

Miscellaneous

Outstanding Shares: 8,330,000
Free Float: 8,181,000
Market Cap: $2.43 billion
Optionable: Optionable
Beta: 1.20

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Key Executives

Mr. William C. Boor (Age 57)
President, CEO & Director
Comp: $3.11M
Ms. Allison K. Aden (Age 62)
Executive VP, CFO & Treasurer
Comp: $1.06M
Mr. Mickey R. Dragash (Age 53)
Executive VP, General Counsel, Chief Compliance Officer & Corporate Secretary
Comp: $647.48k
Mr. Matthew Allen Nino (Age 55)
President of Retail
Comp: $1.44M
Mr. Brian R. Cira (Age 60)
President of Manufactured Housing
Comp: $1.74M
Mr. Paul W. Bigbee (Age 54)
Chief Accounting Officer
Comp: $356.94k
Mr. Anthony R. Crutcher
Chief Information Officer
Mr. Mark Fusler
Director of Financial Reporting & Investor Relations
Ms. Colleen J. Rogers
Senior Vice President of Marketing & Communications
Mr. Steven Keith Like (Age 66)
Senior Vice President of Corporate Development
Comp: $373.49k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CVCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Cavco Industries stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cavco Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CVCO shares.
View CVCO analyst ratings or view top-rated stocks.
What is Cavco Industries' stock price target for 2024?: 1 equities research analysts have issued 1 year price targets for Cavco Industries' stock. Their CVCO share price targets range from $338.00 to $390.00. On average, they predict the company's stock price to reach $364.00 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
View analysts price targets for CVCO or view top-rated stocks among Wall Street analysts.
How have CVCO shares performed in 2023?: Cavco Industries' stock was trading at $226.25 at the beginning of 2023. Since then, CVCO shares have increased by 30.8% and is now trading at $295.95.
View the best growth stocks for 2023 here.
Are investors shorting Cavco Industries?: Cavco Industries saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 416,800 shares, a decrease of 10.1% from the October 31st total of 463,400 shares. Based on an average daily trading volume, of 61,700 shares, the short-interest ratio is currently 6.8 days. Approximately 5.4% of the shares of the stock are short sold.
View Cavco Industries' Short Interest.
When is Cavco Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our CVCO earnings forecast.
How were Cavco Industries' earnings last quarter?: Cavco Industries, Inc. (NASDAQ:CVCO) issued its earnings results on Thursday, November, 2nd. The construction company reported $4.76 earnings per share for the quarter, missing the consensus estimate of $5.31 by $0.55. The construction company earned $452.03 million during the quarter, compared to analysts' expectations of $490.60 million. Cavco Industries had a net margin of 10.22% and a trailing twelve-month return on equity of 19.60%.

What ETFs hold Cavco Industries' stock?: ETFs with the largest weight of Cavco Industries (NASDAQ:CVCO) stock in their portfolio include Invesco Building & Construction ETF (PKB), Alpha Architect U.S. Quantitative Value ETF (QVAL), Ballast Small/Mid Cap ETF (MGMT), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), iShares U.S. Home Construction ETF (ITB), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and SPDR S&P Homebuilders ETF (XHB).
What other stocks do shareholders of Cavco Industries own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cavco Industries investors own include AT&T (T), AbbVie (ABBV), Home Depot (HD), Verizon Communications (VZ), Block (SQ), CVS Health (CVS), Walt Disney (DIS), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Bank of America (BAC).
Who are Cavco Industries' major shareholders?: Cavco Industries' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (4.77%), American Century Companies Inc. (2.50%), Gamco Investors INC. ET AL (2.18%), Invesco Ltd. (2.10%), Boston Trust Walden Corp (1.94%) and Schroder Investment Management Group (1.64%). Insiders that own company stock include Gavin Ryan, Steven G Bunger and Steven K Like.
View institutional ownership trends.
How do I buy shares of Cavco Industries?: Shares of CVCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CVCO) was last updated on 12/4/2023 by MarketBeat.com Staff

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