Cavco Industries (CVCO) Stock Price, News & Analysis

Company Overview

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. It produces 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. It distributes its products through a network of independent and company-owned retailers, planned community operators, and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.

Key Stats

• Today's Range: $459.06 to $466.86
• 50-Day Range: $402.84 to $481.62
• 52-Week Range: $271.48 to $484.80
• Volume: 44,972 shs
• Average Volume: 61,131 shs
• Market Capitalization: $3.77 billion
• P/E Ratio: 26.30
• Dividend Yield: N/A
• Price Target: $475.00
• Consensus Rating: Buy

Cavco Industries Stock Analysis - MarketRank™

Cavco Industries scored higher than 48% of companies evaluated by MarketBeat, and ranked 79th out of 104 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Cavco Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cavco Industries has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.67%

Earnings Growth

Earnings for Cavco Industries are expected to grow by 9.67% in the coming year, from $18.00 to $19.74 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cavco Industries is 26.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cavco Industries is 26.30, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 28.03.

Price to Book Value per Share Ratio

Cavco Industries has a P/B Ratio of 3.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.13% of the float of Cavco Industries has been sold short.

Short Interest Ratio / Days to Cover

Cavco Industries has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cavco Industries has recently increased by 12.97%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cavco Industries does not currently pay a dividend.

Dividend Growth

Cavco Industries does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.13% of the float of Cavco Industries has been sold short.

Short Interest Ratio / Days to Cover

Cavco Industries has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cavco Industries has recently increased by 12.97%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.60

News Sentiment

Cavco Industries has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Cavco Industries this week, compared to 4 articles on an average week.

Search Interest

1 people have searched for CVCO on MarketBeat in the last 30 days.

MarketBeat Follows

Only 4 people have added Cavco Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cavco Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,729,458.00 in company stock.

Percentage Held by Insiders

Only 1.60% of the stock of Cavco Industries is held by insiders.

Percentage Held by Institutions

95.56% of the stock of Cavco Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CVCO Stock Analysis - Frequently Asked Questions

How have CVCO shares performed this year?

Cavco Industries' stock was trading at $346.62 at the beginning of 2024. Since then, CVCO shares have increased by 34.2% and is now trading at $465.23.
View the best growth stocks for 2024 here.

How were Cavco Industries' earnings last quarter?

Cavco Industries, Inc. (NASDAQ:CVCO) announced its quarterly earnings data on Thursday, October, 31st. The construction company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.70 by $0.58. The construction company had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a net margin of 8.00% and a trailing twelve-month return on equity of 14.38%.

Who are Cavco Industries' major shareholders?

Top institutional shareholders of Cavco Industries include State Street Corp (4.99%), Wellington Management Group LLP (3.11%), Geode Capital Management LLC (2.77%) and Boston Trust Walden Corp (2.34%). Insiders that own company stock include Steven G Bunger, Julia Sze, Steven K Like, Matthew A Nino, Paul Bigbee and Gavin Ryan.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cavco Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cavco Industries investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), DiamondRock Hospitality (DRH), AUO (AUOTY), The RMR Group (RMR) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/17/2024
• Next Earnings (Estimated): 2/06/2025
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Mobile homes
• Sub-Industry: Homebuilding
• Current Symbol: NASDAQ:CVCO
• CUSIP: 14956810
• CIK: 278166
• Web: www.cavco.com
• Phone: (602) 256-6263
• Fax: 602-256-6189
• Employees: 6,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $475.00
• High Stock Price Target: $495.00
• Low Stock Price Target: $455.00
• Potential Upside/Downside: +2.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $17.69
• Trailing P/E Ratio: 26.30
• Forward P/E Ratio: 25.85
• P/E Growth: N/A
• Net Income: $157.82 million
• Net Margins: 8.00%
• Pretax Margin: 10.02%
• Return on Equity: 14.38%
• Return on Assets: 10.85%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.90
• Quick Ratio: 2.11

Sales & Book Value

• Annual Sales: $1.79 billion
• Price / Sales: 2.10
• Cash Flow: $21.13 per share
• Price / Cash Flow: 22.02
• Book Value: $128.53 per share
• Price / Book: 3.62

Miscellaneous

• Outstanding Shares: 8,110,000
• Free Float: 7,977,000
• Market Cap: $3.77 billion
• Optionable: Optionable
• Beta: 1.24