#6 - Cavco Industries (NASDAQ:CVCO)
Manufactured and modular homes have made major advancements. The quality of these homes is making them very appealing for first-time homebuyers as well as for empty nesters who may not need a lot of house, but want privacy. And in many areas of the country, manufactured home communities are a very affordable housing option. Cavco Industries (NASDAQ:CVCO) is one of the leaders in this space.
CVCO stock got off to a great start in 2020, but like most stocks was savaged in the downturn and has not made a full recovery. But the trend is moving upwards. In the last month, the stock is up 10%.
One of the appealing things about Cavco is that it has separate insurance and mortgage divisions in addition to selling its homes. That gives the company multiple revenue streams that homebuyers of this type will typically avail themselves of since the qualifications are different in this sector.
About Cavco Industries
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.
More- Current Price
- $533.84
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $522.50 (2.1% Downside)
