Cavco Industries, Inc. (NASDAQ:CVCO) Receives Consensus Recommendation of “Hold” from Analysts

Cavco Industries, Inc. (NASDAQ:CVCO) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $550.00.

A number of research analysts recently weighed in on CVCO shares. Zelman & Associates raised shares of Cavco Industries to an “outperform” rating in a research report on Thursday, February 5th. Zacks Research downgraded shares of Cavco Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Weiss Ratings lowered shares of Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Finally, CJS Securities upgraded Cavco Industries to a “strong-buy” rating in a research note on Thursday, December 11th.

Cavco Industries Trading Down 1.2%

Shares of Cavco Industries stock opened at $479.84 on Friday. The company has a market capitalization of $3.72 billion, a P/E ratio of 20.84 and a beta of 1.33. The stock has a fifty day simple moving average of $539.43 and a 200 day simple moving average of $567.46. Cavco Industries has a 12-month low of $393.53 and a 12-month high of $713.01.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 29th. The construction company reported $5.58 earnings per share for the quarter, missing the consensus estimate of $6.00 by ($0.42). Cavco Industries had a net margin of 8.37% and a return on equity of 17.84%. The company had revenue of $580.99 million for the quarter, compared to the consensus estimate of $593.37 million. On average, analysts predict that Cavco Industries will post 21.93 EPS for the current year.

Insider Activity

In other Cavco Industries news, CEO William C. Boor bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was purchased at an average cost of $495.00 per share, with a total value of $495,000.00. Following the transaction, the chief executive officer directly owned 48,022 shares in the company, valued at $23,770,890. This trade represents a 2.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven W. Moster purchased 300 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $456.23 per share, for a total transaction of $136,869.00. Following the completion of the acquisition, the director directly owned 2,976 shares in the company, valued at $1,357,740.48. The trade was a 11.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 1,800 shares of company stock valued at $866,592 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cavco Industries

Several institutional investors and hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in shares of Cavco Industries in the third quarter valued at $31,000. Aster Capital Management DIFC Ltd bought a new position in shares of Cavco Industries during the 4th quarter worth $46,000. Kemnay Advisory Services Inc. purchased a new stake in Cavco Industries in the 4th quarter worth about $50,000. Los Angeles Capital Management LLC purchased a new stake in Cavco Industries in the 4th quarter worth about $54,000. Finally, Osaic Holdings Inc. raised its stake in Cavco Industries by 118.2% in the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock valued at $57,000 after acquiring an additional 65 shares during the period. 95.56% of the stock is owned by institutional investors.

About Cavco Industries

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.