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NASDAQ:CVCO

Cavco Industries - CVCO Stock Forecast, Price & News

$239.10
-4.77 (-1.96%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$238.24
$245.56
50-Day Range
$201.58
$244.05
52-Week Range
$179.47
$325.70
Volume
68,308 shs
Average Volume
62,649 shs
Market Capitalization
$2.13 billion
P/E Ratio
8.17
Dividend Yield
N/A
Price Target
$337.50

Cavco Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
41.2% Upside
$337.50 Price Target
Short Interest
Healthy
3.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.25mentions of Cavco Industries in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-8.14%
From $27.16 to $24.95 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

20th out of 105 stocks

Mobile Homes Industry

1st out of 3 stocks

CVCO stock logo

About Cavco Industries (NASDAQ:CVCO) Stock

Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry brands. It also builds 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. As of April 3, 2022, it operated 45 company-owned retail stores in Oregon, Arizona, Nevada, New Mexico, Texas, Indiana, Oklahoma, Florida, and New York. The company also distributes its homes through a network of independent distribution points in 48 states and Canada; and through planned community operators and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.

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CVCO Stock News Headlines

13 Best Housing Stocks To Buy Now
Cavco Industries: A Change In Opinion
Cavco Industries Becomes Oversold (CVCO)
Are the Glory Days for the RV Industry Coming to an End?
See More Headlines
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CVCO Company Calendar

Last Earnings
11/04/2021
Today
12/09/2022
Next Earnings (Estimated)
2/02/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Mobile homes
Sub-Industry
Homebuilding
Current Symbol
NASDAQ:CVCO
CUSIP
14956810
Employees
6,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$337.50
High Stock Price Forecast
$385.00
Low Stock Price Forecast
$290.00
Forecasted Upside/Downside
+41.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$197.70 million
Pretax Margin
14.25%

Debt

Sales & Book Value

Annual Sales
$1.63 billion
Cash Flow
$19.07 per share
Book Value
$90.63 per share

Miscellaneous

Free Float
8,765,000
Market Cap
$2.13 billion
Optionable
Optionable
Beta
1.16

Key Executives

  • Mr. William C. Boor (Age 56)
    Pres, CEO & Director
    Comp: $2.8M
  • Ms. Allison K. Aden (Age 61)
    Exec. VP, CFO & Treasurer
    Comp: $860.47k
  • Mr. Paul W. Bigbee (Age 54)
    Chief Accounting Officer
    Comp: $356.94k
  • Mr. Mickey R. Dragash (Age 52)
    Exec. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.
    Comp: $693.36k
  • Mr. Matthew Allen Nino (Age 54)
    Pres of Retail
    Comp: $1.42M
  • Mr. Brian R. Cira (Age 60)
    Pres of Manufactured Housing
    Comp: $1.32M
  • Mr. Anthony R. Crutcher
    Chief Information Officer
  • Mr. Mark Fusler
    Director of Financial Reporting & Investor Relations
  • Ms. Colleen J. Rogers
    Sr. VP of Marketing & Communications
  • Mr. Steven Keith Like (Age 65)
    Sr. VP of Corp. Devel.













CVCO Stock - Frequently Asked Questions

Should I buy or sell Cavco Industries stock right now?

2 Wall Street 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 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 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 predict the company's stock price to reach $337.50 in the next twelve months. This suggests a possible upside of 38.4% 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 2022?

Cavco Industries' stock was trading at $317.65 on January 1st, 2022. Since then, CVCO stock has decreased by 23.2% and is now trading at $243.92.
View the best growth stocks for 2022 here
.

Are investors shorting Cavco Industries?

Cavco Industries saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 253,900 shares, a decline of 24.1% from the October 31st total of 334,300 shares. Based on an average daily trading volume, of 71,600 shares, the short-interest ratio is currently 3.5 days. Approximately 3.1% of the company's stock are sold short.
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 2nd 2023.
View our CVCO earnings forecast
.

How were Cavco Industries' earnings last quarter?

Cavco Industries, Inc. (NASDAQ:CVCO) issued its quarterly earnings results on Thursday, November, 4th. The construction company reported $4.06 earnings per share (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 analyst estimates of $336.80 million. Cavco Industries had a trailing twelve-month return on equity of 27.72% and a net margin of 12.69%. During the same quarter in the previous year, the firm posted $1.62 earnings per share.

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 institutional and retail investors. Top institutional shareholders 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%).
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 $243.92.

How much money does Cavco Industries make?

Cavco Industries (NASDAQ:CVCO) has a market capitalization of $2.17 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.

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 12/9/2022 by MarketBeat.com Staff