Cavco Industries - CVCO Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cavco Industries in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CVCO shares.
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2 equities research analysts have issued 1 year price objectives for Cavco Industries' shares. Their CVCO share price forecasts range from $290.00 to $385.00. On average, they expect the company's stock price to reach $337.50 in the next year. This suggests a possible upside of 39.6% from the stock's current price.
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Cavco Industries' stock was trading at $317.65 at the start of the year. Since then, CVCO shares have decreased by 23.9% and is now trading at $241.69.
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Cavco Industries saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 253,900 shares, a drop of 24.1% from the October 31st total of 334,300 shares. Based on an average trading volume of 71,600 shares, the short-interest ratio is currently 3.5 days. Approximately 3.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our CVCO earnings forecast.

Cavco Industries, Inc. (NASDAQ:CVCO) issued its earnings results on Thursday, November, 4th. The construction company reported $4.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.72 by $1.34. The construction company had revenue of $359.54 million for the quarter, compared to analysts' expectations of $336.80 million. Cavco Industries had a net margin of 12.69% and a trailing twelve-month return on equity of 27.72%. During the same period in the previous year, the company earned $1.62 earnings per share.

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).

Cavco Industries trades on the NASDAQ under the ticker symbol "CVCO."

Cavco Industries' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.07%), Vanguard Group Inc. (9.22%), Dimensional Fund Advisors LP (4.30%), State Street Corp (3.52%), Broad Bay Capital Management LP (3.28%) and Boston Trust Walden Corp (2.78%).
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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.
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One share of CVCO stock can currently be purchased for approximately $241.69.

Cavco Industries (NASDAQ:CVCO) has a market capitalization of $2.15 billion and generates $1.63 billion in revenue each year. The construction company earns $197.70 million in net income (profit) each year or $29.25 on an earnings per share basis.

The company employs 6,300 workers across the globe.

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.