NASDAQ:CVCO

Cavco Industries (CVCO) Stock Forecast, Price & News

$277.25

-4.80 (-1.70%)

(As of 06/9/2023 ET)

Compare

Today's Range: $276.42
▼
$283.29
50-Day Range: $248.98
▼
$317.74
52-Week Range: $179.47
▼
$318.00

Volume: 52,456 shs
Average Volume: 68,456 shs
Market Capitalization: $2.40 billion

P/E Ratio: 10.30
Dividend Yield: N/A
Price Target: $381.50

Cavco Industries MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 37.6% Upside
$381.50 Price Target
Short Interest: Healthy
3.22% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.35
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.16%
From $26.55 to $30.31 Per Share

Overall MarketRank^™

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

2.63 out of 5 stars

Construction Sector

11th out of 103 stocks

Mobile Homes Industry

1st out of 3 stocks

3.5

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 $381.50, Cavco Industries has a forecasted upside of 37.6% from its current price of $277.25.
Amount of Analyst Coverage
Cavco Industries has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.22% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cavco Industries has recently increased by 1.88%, indicating that investor sentiment is decreasing.

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.

3.5

News and Social Media Coverage

News Sentiment
Cavco Industries has a news sentiment score of 1.35. 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 4 news articles for Cavco Industries this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for CVCO on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.
MarketBeat Follows
4 people have added Cavco Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cavco Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.62% of the stock of Cavco Industries is held by insiders.
Percentage Held by Institutions
93.32% of the stock of Cavco Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Cavco Industries are expected to grow by 14.16% in the coming year, from $26.55 to $30.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cavco Industries is 10.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cavco Industries is 10.30, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 12.75.
Price to Book Value per Share Ratio
Cavco Industries has a P/B Ratio of 2.47. 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 (NASDAQ:CVCO) Stock

Cavco Industries, Inc. engages in the development of residential modular structures. It offers manufactured homes, modular homes, park model RVs and cabins, commercial structures, mortgage lending, and insurance. The firm's brands include Cavco, Fleetwood, Palm Harbor and Fairmont, Friendship, Chariot Eagle and Destiny. The company operates through following segments: Factory-Built Housing, which includes wholesale and retail systems-built housing operations and Financial Services, which include manufactured housing consumer finance and insurance. It also designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. The company was founded in 1965 and is headquartered in Phoenix, AZ.

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CVCO Stock News Headlines

June 7, 2023 | finance.yahoo.com

Nationwide Homes in Martinsville, Virginia, Provides Showcase Duplex for MHI’s “Homes on the Hill” Advocacy Event in Washington, D.C.

May 29, 2023 | americanbankingnews.com

StockNews.com Downgrades Cavco Industries (NASDAQ:CVCO) to Hold

June 9, 2023 | Behind the Markets (Ad)

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May 29, 2023 | americanbankingnews.com

Cavco Industries (NASDAQ:CVCO) Downgraded by StockNews.com

May 28, 2023 | americanbankingnews.com

Cavco Industries (NASDAQ:CVCO) Rating Lowered to Hold at StockNews.com

May 24, 2023 | americanbankingnews.com

Wedbush Brokers Raise Earnings Estimates for Cavco Industries, Inc. (NASDAQ:CVCO)

May 24, 2023 | americanbankingnews.com

Cavco Industries (NASDAQ:CVCO) PT Raised to $425.00

May 23, 2023 | americanbankingnews.com

Brokers Issue Forecasts for Cavco Industries, Inc.'s Q1 2024 Earnings (NASDAQ:CVCO)

June 9, 2023 | Vantage Point (Ad)

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May 22, 2023 | benzinga.com

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation - CVCO

May 22, 2023 | msn.com

Wedbush Maintains Cavco Industries (CVCO) Outperform Recommendation

May 22, 2023 | markets.businessinsider.com

Analyst Ratings for Cavco Indus

May 22, 2023 | americanbankingnews.com

Cavco Industries (NASDAQ:CVCO) PT Lowered to $338.00

May 20, 2023 | benzinga.com

ROSEN, LEADING INVESTOR COUNSEL, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation – CVCO

May 20, 2023 | finance.yahoo.com

Q4 2023 Cavco Industries Inc Earnings Call

May 19, 2023 | benzinga.com

Cavco Industries shares are trading lower after the company reported worse-than-expected Q4 sales results.

May 19, 2023 | msn.com

Wedbush Reiterates Cavco Industries (CVCO) Outperform Recommendation

May 19, 2023 | finanznachrichten.de

Cavco Industries, Inc.: Cavco Industries Reports Fiscal 2023 Fourth Quarter and Year End Results

May 18, 2023 | finance.yahoo.com

Cavco (CVCO) Q4 Earnings and Revenues Beat Estimates

May 18, 2023 | finance.yahoo.com

Cavco industries Reports Fiscal 2023 Fourth Quarter and Year End Results

May 16, 2023 | markets.businessinsider.com

Craig-Hallum Keeps Their Buy Rating on Cavco Industries (CVCO)

May 16, 2023 | americanbankingnews.com

Cavco Industries, Inc. (NASDAQ:CVCO) to Post Q4 2024 Earnings of $6.21 Per Share, Wedbush Forecasts

May 11, 2023 | finance.yahoo.com

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2023 Fourth Quarter and Year End Earnings Release and Conference Call Webcast

May 11, 2023 | finance.yahoo.com

AM Best Downgrades Issuer Credit Rating of Standard Casualty Company

April 29, 2023 | americanbankingnews.com

Cavco Industries (NASDAQ:CVCO) Upgraded by StockNews.com to "Buy"

April 27, 2023 | seekingalpha.com

Cavco Industries Stock Looks Like A Good Bet

April 25, 2023 | msn.com

Craig-Hallum Maintains Cavco Industries (CVCO) Buy Recommendation

See More Headlines

CVCO Price History

30 days | 90 days | 365 days | Advanced Chart

CVCO Company Calendar

Last Earnings: 11/04/2021
Today: 6/09/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 3/31/2024

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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 Forecast: $381.50
High Stock Price Forecast: $425.00
Low Stock Price Forecast: $338.00
Forecasted Upside/Downside: +37.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $26.93
Trailing P/E Ratio: 10.30
Forward P/E Ratio: 10.44
P/E Growth: N/A
Net Income: $240.55 million
Net Margins: 11.23%
Pretax Margin: 14.32%
Return on Equity: 25.92%
Return on Assets: 19.16%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.74
Quick Ratio: 1.85

Sales & Book Value

Annual Sales: $2.14 billion
Price / Sales: 1.12
Cash Flow: $28.47 per share
Price / Cash Flow: 9.74
Book Value: $112.30 per share
Price / Book: 2.47

Miscellaneous

Outstanding Shares: 8,670,000
Free Float: 8,526,000
Market Cap: $2.40 billion
Optionable: Optionable
Beta: 1.21

Key Executives

William C. Boor
President, Chief Executive Officer & Director

Allison K. Aden
CFO, Treasurer & Executive Vice President

Anthony Crutcher
Chief Information Officer

Mickey R. Dragash
Secretary, Chief Compliance Officer & Executive VP

Steven K. Like
Senior Vice President-Corporate Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CVCO Stock - 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 forecast for 2023?: 1 equities research analysts have issued twelve-month target prices for Cavco Industries' stock. Their CVCO share price forecasts range from $338.00 to $425.00. On average, they anticipate the company's stock price to reach $381.50 in the next twelve months. This suggests a possible upside of 37.6% 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 22.5% and is now trading at $277.25.
View the best growth stocks for 2023 here.
When is Cavco Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CVCO earnings forecast.
How were Cavco Industries' earnings last quarter?: Cavco Industries, Inc. (NASDAQ:CVCO) announced its quarterly earnings data on Thursday, November, 4th. The construction company reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $1.34. The construction company earned $359.54 million during the quarter, compared to analysts' expectations of $336.80 million. Cavco Industries had a net margin of 11.23% and a trailing twelve-month return on equity of 25.92%. During the same quarter in the previous year, the company earned $1.62 earnings per share.
What ETFs hold Cavco Industries' stock?: ETFs with the largest weight of Cavco Industries (NASDAQ:CVCO) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Ballast Small/Mid Cap ETF (MGMT), iShares U.S. Home Construction ETF (ITB), Invesco S&P SmallCap Quality ETF (XSHQ), Hoya Capital Housing ETF (HOMZ) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

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).
What is Cavco Industries' stock symbol?: Cavco Industries trades on the NASDAQ under the ticker symbol "CVCO."
Who are Cavco Industries' major shareholders?: Cavco Industries' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.14%), Dimensional Fund Advisors LP (4.59%), State Street Corp (3.72%), Wellington Management Group LLP (3.30%), Boston Trust Walden Corp (2.66%) and GW&K Investment Management LLC (2.65%). Insiders that own company stock include Gavin Ryan and Steven G Bunger.
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.
What is Cavco Industries' stock price today?: One share of CVCO stock can currently be purchased for approximately $277.25.
How much money does Cavco Industries make?: Cavco Industries (NASDAQ:CVCO) has a market capitalization of $2.40 billion and generates $2.14 billion in revenue each year. The construction company earns $240.55 million in net income (profit) each year or $26.93 on an earnings per share basis.
How many employees does Cavco Industries have?: The company employs 7,000 workers across the globe.
How can I contact Cavco Industries?: Cavco Industries' mailing address is 3636 North Central Avenue Suite 1200, Phoenix AZ, 85012. The official website for the company is www.cavco.com. The construction company can be reached via phone at (602) 256-6263, via email at investor_relations@cavco.com, or via fax at 602-256-6189.

This page (NASDAQ:CVCO) was last updated on 6/9/2023 by MarketBeat.com Staff

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