Cavco Industries (NASDAQ:CVCO – Free Report) had its target price increased by Craig Hallum from $382.00 to $422.00 in a research note published on Monday morning, Benzinga reports. Craig Hallum currently has a buy rating on the construction company’s stock.
Separately, Wedbush reiterated an outperform rating and set a $425.00 target price on shares of Cavco Industries in a report on Friday.
Read Our Latest Report on Cavco Industries
Cavco Industries Trading Up 0.0 %
Cavco Industries (NASDAQ:CVCO – Get Free Report) last posted its earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share for the quarter, missing analysts’ consensus estimates of $4.97 by ($0.86). The firm had revenue of $477.60 million for the quarter, compared to analysts’ expectations of $487.80 million. Cavco Industries had a return on equity of 14.30% and a net margin of 8.12%. During the same quarter in the prior year, the company posted $5.29 earnings per share. Sell-side analysts expect that Cavco Industries will post 19.77 EPS for the current fiscal year.
Institutional Trading of Cavco Industries
Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in Cavco Industries by 9,900.0% in the second quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after buying an additional 99 shares during the period. Mather Group LLC. purchased a new stake in Cavco Industries in the first quarter worth about $60,000. GAMMA Investing LLC purchased a new stake in Cavco Industries in the fourth quarter worth about $77,000. nVerses Capital LLC purchased a new stake in Cavco Industries in the second quarter worth about $138,000. Finally, Simplex Trading LLC purchased a new stake in Cavco Industries in the fourth quarter worth about $140,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.
Cavco Industries Company Profile
Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.
Further Reading
- Five stocks we like better than Cavco Industries
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Uber’s Earnings Beat: Rideshare and Delivery Surge
- How to buy stock: A step-by-step guide for beginners
- Hims & Hers Reports Stellar Quarter: Stock Set for a Rally
- Quiet Period Expirations Explained
- Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance
Receive News & Ratings for Cavco Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavco Industries and related companies with MarketBeat.com's FREE daily email newsletter.