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MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NASDAQ:CVCO

Cavco Industries - CVCO Stock Forecast, Price & News

$285.75
-0.82 (-0.29%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$283.00
$290.60
50-Day Range
$184.55
$286.57
52-Week Range
$179.47
$327.24
Volume
49,709 shs
Average Volume
58,190 shs
Market Capitalization
$2.54 billion
P/E Ratio
11.40
Dividend Yield
N/A
Price Target
$360.00

Cavco Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.0% Upside
$360.00 Price Target
Short Interest
Bearish
3.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.95mentions of Cavco Industries in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.37%
From $24.05 to $24.38 Per Share

Overall MarketRank

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

2.36 out of 5 stars

Construction Sector

34th 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on CVCO. StockNews.com raised shares of Cavco Industries from a "hold" rating to a "buy" rating in a report on Friday, July 1st. Wedbush raised Cavco Industries from a "neutral" rating to an "outperform" rating and increased their target price for the company from $315.00 to $385.00 in a research note on Friday, August 5th. Finally, Craig Hallum increased their target price on Cavco Industries to $335.00 in a report on Monday.

Cavco Industries Trading Down 0.3 %

CVCO traded down $0.82 on Tuesday, hitting $285.75. 49,709 shares of the company's stock traded hands, compared to its average volume of 58,190. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 11.40 and a beta of 1.14. Cavco Industries has a one year low of $179.47 and a one year high of $327.24. The company's 50 day simple moving average is $227.36 and its 200-day simple moving average is $243.79.

Cavco Industries (NASDAQ:CVCO - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The construction company reported $6.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.95 by $2.68. Cavco Industries had a return on equity of 24.87% and a net margin of 12.22%. The company had revenue of $588.34 million during the quarter, compared to the consensus estimate of $402.00 million. As a group, equities analysts anticipate that Cavco Industries will post 24.05 EPS for the current fiscal year.

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CVCO Stock News Headlines

Cavco Industries (NASDAQ:CVCO) Raised to Outperform at Wedbush
Cavco Industries Q1 Earnings Smashes Estimates
Cavco (CVCO) Q1 Earnings and Revenues Top Estimates
Cavco Industries: Finally Worth Considering
Cavco Industries Tops Q4 EPS by 99c
See More Headlines
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CVCO Company Calendar

Last Earnings
8/04/2022
Today
8/16/2022
Next Earnings (Estimated)
11/03/2022
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
$360.00
High Stock Price Forecast
$385.00
Low Stock Price Forecast
$335.00
Forecasted Upside/Downside
+26.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$197.70 million
Pretax Margin
13.57%

Debt

Sales & Book Value

Annual Sales
$1.63 billion
Cash Flow
$19.51 per share
Book Value
$90.63 per share

Miscellaneous

Free Float
8,749,000
Market Cap
$2.54 billion
Optionable
Optionable
Beta
1.14

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 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.
View CVCO analyst ratings
or view top-rated stocks.

What is Cavco Industries' stock price forecast for 2022?

2 equities research analysts have issued 1-year price targets for Cavco Industries' shares. Their CVCO share price forecasts range from $335.00 to $385.00. On average, they predict the company's share price to reach $360.00 in the next year. This suggests a possible upside of 26.0% 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 at the beginning of 2022. Since then, CVCO shares have decreased by 10.0% and is now trading at $285.75.
View the best growth stocks for 2022 here
.

When is Cavco Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CVCO earnings forecast
.

How were Cavco Industries' earnings last quarter?

Cavco Industries, Inc. (NASDAQ:CVCO) issued its quarterly earnings results on Thursday, August, 4th. The construction company reported $6.63 EPS for the quarter, topping analysts' consensus estimates of $3.95 by $2.68. The construction company earned $588.34 million during the quarter, compared to analyst estimates of $402 million. Cavco Industries had a trailing twelve-month return on equity of 24.87% and a net margin of 12.22%.

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 Price T Rowe Associates Inc. MD (9.88%), State Street Corp (3.59%), Boston Trust Walden Corp (2.74%), Gamco Investors INC. ET AL (2.53%), Handelsbanken Fonder AB (1.69%) and Millennium Management LLC (1.16%).
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 $285.75.

How much money does Cavco Industries make?

Cavco Industries (NASDAQ:CVCO) has a market capitalization of $2.54 billion and generates $1.63 billion in revenue each year. The construction company earns $197.70 million in net income (profit) each year or $25.06 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 8/17/2022 by MarketBeat.com Staff

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