Cavco Industries - CVCO Stock Forecast, Price & News

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.
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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 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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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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.

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 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%).
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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 $243.92.

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.

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.