NASDAQ:CVCO

Cavco Industries - CVCO Stock Forecast, Price & News

$298.98

+3.51 (+1.19%)

(As of 03/28/2023 12:00 AM ET)

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Today's Range: $292.35
▼
$299.02
50-Day Range: $250.30
▼
$299.25
52-Week Range: $179.47
▼
$300.50

Volume: 56,498 shs
Average Volume: 72,330 shs
Market Capitalization: $2.60 billion

P/E Ratio: 10.94
Dividend Yield: N/A
Price Target: $350.00

Institutional Ownership

Cavco Industries MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 17.1% Upside
$350.00 Price Target
Short Interest: Bearish
4.13% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.62
Based on 4 Articles This Week
Insider Trading: Selling Shares
$870,090 Sold Last Quarter
Proj. Earnings Growth: -6.47%
From $27.36 to $25.59 Per Share

Overall MarketRank^™

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

2.02 out of 5 stars

Construction Sector

74th out of 106 stocks

Mobile Homes Industry

2nd 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 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $350.00, Cavco Industries has a forecasted upside of 17.1% from its current price of $298.98.
Amount of Analyst Coverage
Cavco Industries has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.13% 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 4.7.
Change versus previous month
Short interest in Cavco Industries has recently increased by 11.87%, indicating that investor sentiment is decreasing 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.

3.7

News and Social Media Coverage

News Sentiment
Cavco Industries has a news sentiment score of 1.62. 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 0.54 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Cavco Industries this week, compared to 2 articles on an average week.
MarketBeat Follows
17 people have added Cavco Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 467% compared to the previous 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 $870,090.00 in 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Cavco Industries are expected to decrease by -6.47% in the coming year, from $27.36 to $25.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cavco Industries is 10.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cavco Industries is 10.94, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 13.58.
Price to Book Value per Share Ratio
Cavco Industries has a P/B Ratio of 3.30. P/B Ratios above 3 indicate that a company could be overvalued 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

March 28, 2023 | finance.yahoo.com

Cavco Industries Releases Its Inaugural Environmental, Social and Governance Report

March 17, 2023 | finance.yahoo.com

Cavco (CVCO) Is a Great Choice for 'Trend' Investors, Here's Why

March 28, 2023 | Stansberry Research (Ad)

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March 6, 2023 | seekingalpha.com

Cavco Industries: Delivering Strong Earnings Amidst Tough Market Conditions

March 6, 2023 | finance.yahoo.com

Returns on Capital Paint A Bright Future For Cavco Industries (NASDAQ:CVCO)

February 28, 2023 | seekingalpha.com

CVCO Cavco Industries, Inc.

February 24, 2023 | finance.yahoo.com

Here's Why Momentum in Cavco (CVCO) Should Keep going

February 23, 2023 | finance.yahoo.com

Here is Why Growth Investors Should Buy Cavco (CVCO) Now

March 28, 2023 | Stansberry Research (Ad)

The gold catalyst we’ve waited for

February 20, 2023 | finance.yahoo.com

Add 4 Stocks With Solid Net Profit Margin for Better Returns

February 19, 2023 | finance.yahoo.com

Cavco Industries' (NASDAQ:CVCO) investors will be pleased with their notable 63% return over the last five years

February 8, 2023 | finance.yahoo.com

Here's What Could Help Cavco (CVCO) Maintain Its Recent Price Strength

February 8, 2023 | finance.yahoo.com

Cavco Industries, Inc. (NASDAQ:CVCO) Q3 2023 Earnings Call Transcript

February 7, 2023 | finance.yahoo.com

Looking for a Growth Stock? 3 Reasons Why Cavco (CVCO) is a Solid Choice

February 5, 2023 | finance.yahoo.com

Cavco Industries Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

February 3, 2023 | finanznachrichten.de

Cavco Industries, Inc.: Cavco Industries Reports Fiscal 2023 Third Quarter Results and Provides Business Updates

February 3, 2023 | finance.yahoo.com

Cavco (CVCO) Q3 Earnings Beat Estimates

February 2, 2023 | finance.yahoo.com

Cavco Industries Reports Fiscal 2023 Third Quarter Results and Provides Business Updates

February 1, 2023 | msn.com

Cavco Industries Earnings Preview

January 30, 2023 | barrons.com

ROSEN, A LEADING LAW FIRM, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation -- CVCO

January 29, 2023 | benzinga.com

ROSEN, A LEADING LAW FIRM, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation – CVCO

January 29, 2023 | benzinga.com

ROSEN, A TOP RANKED LAW FIRM, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation - CVCO

January 28, 2023 | benzinga.com

ROSEN, Global Investor Counsel, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation - CVCO

January 26, 2023 | benzinga.com

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation – CVCO

January 26, 2023 | finance.yahoo.com

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

January 25, 2023 | wsj.com

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation -- CVCO

January 23, 2023 | finance.yahoo.com

An Intrinsic Calculation For Cavco Industries, Inc. (NASDAQ:CVCO) Suggests It's 25% Undervalued

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30 days | 90 days | 365 days | Advanced Chart

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CVCO Company Calendar

Last Earnings: 2/02/2023
Today: 3/28/2023
Fiscal Year End: 3/31/2023
Next Earnings (Estimated): 5/25/2023

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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: 6,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $350.00
High Stock Price Forecast: $410.00
Low Stock Price Forecast: $290.00
Forecasted Upside/Downside: +17.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $27.34
Trailing P/E Ratio: 10.94
Forward P/E Ratio: 10.93
P/E Growth: N/A
Net Income: $197.70 million
Net Margins: 11.37%
Pretax Margin: 14.59%
Return on Equity: 27.69%
Return on Assets: 20.28%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.99
Quick Ratio: 2.22

Sales & Book Value

Annual Sales: $2.17 billion
Price / Sales: 1.20
Cash Flow: $19.85 per share
Price / Cash Flow: 15.06
Book Value: $90.63 per share
Price / Book: 3.30

Miscellaneous

Outstanding Shares: 8,694,000
Free Float: 8,553,000
Market Cap: $2.60 billion
Optionable: Optionable
Beta: 1.19

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?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cavco Industries in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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?: 2 brokerages have issued 12 month target prices for Cavco Industries' shares. Their CVCO share price forecasts range from $290.00 to $410.00. On average, they predict the company's stock price to reach $350.00 in the next year. This suggests a possible upside of 17.1% 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 stock has increased by 32.1% and is now trading at $298.98.
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, May 25th 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, February, 2nd. The construction company reported $6.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.85 by $0.81. The construction company earned $500.60 million during the quarter, compared to analyst estimates of $540.20 million. Cavco Industries had a trailing twelve-month return on equity of 27.69% and a net margin of 11.37%.
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 600 Pure Growth ETF (RZG), Hoya Capital Housing ETF (HOMZ) and Invesco S&P SmallCap Quality ETF (XSHQ).

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 many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.53%), Boston Trust Walden Corp (2.79%), GW&K Investment Management LLC (2.62%), Gamco Investors INC. ET AL (2.53%), Geode Capital Management LLC (2.05%) and T. Rowe Price Investment Management Inc. (2.04%). 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 $298.98.
How much money does Cavco Industries make?: Cavco Industries (NASDAQ:CVCO) has a market capitalization of $2.60 billion and generates $2.17 billion in revenue each year. The construction company earns $197.70 million in net income (profit) each year or $27.34 on an earnings per share basis.
How many employees does Cavco Industries have?: The company employs 6,300 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 3/28/2023 by MarketBeat.com Staff

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Cavco Industries - CVCO Stock Forecast, Price & News

Cavco Industries MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cavco Industries (NASDAQ:CVCO) Stock

CVCO Stock News Headlines

CVCO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CVCO Stock - Frequently Asked Questions

Overall MarketRank^™