Cavco Industries (NASDAQ:CVCO) Price Target Raised to $422.00 at Craig Hallum

Cavco Industries (NASDAQ:CVCO) 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.

Cavco Industries Trading Up 0.0 %

Shares of NASDAQ:CVCO traded up $0.01 on Monday, reaching $363.81. 53,128 shares of the company traded hands, compared to its average volume of 65,277. The business’s 50-day simple moving average is $365.98 and its 200 day simple moving average is $366.31. Cavco Industries has a 52 week low of $233.84 and a 52 week high of $426.41. The stock has a market capitalization of $3.01 billion, a P/E ratio of 20.05 and a beta of 1.23.

Cavco Industries (NASDAQ:CVCO) 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.