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Cavco Industries (CVCO) Stock Price, News & Analysis

Cavco Industries logo
$475.41 +4.08 (+0.87%)
(As of 11/20/2024 ET)

About Cavco Industries Stock (NASDAQ:CVCO)

Key Stats

Today's Range
$467.47
$475.71
50-Day Range
$402.84
$481.62
52-Week Range
$271.48
$484.80
Volume
35,428 shs
Average Volume
64,267 shs
Market Capitalization
$3.86 billion
P/E Ratio
26.87
Dividend Yield
N/A
Price Target
$475.00
Consensus Rating
Buy

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.

Cavco Industries Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
57th Percentile Overall Score

CVCO MarketRank™: 

Cavco Industries scored higher than 57% of companies evaluated by MarketBeat, and ranked 73rd out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Cavco Industries' stock forecast and price target.
  • 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 26.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cavco Industries is 26.87, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 29.79.

  • Price to Book Value per Share Ratio

    Cavco Industries has a P/B Ratio of 3.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Cavco Industries' valuation and earnings.
  • 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 Yield

    Cavco Industries does not currently pay a dividend.

  • Dividend Growth

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

  • 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 Sentiment

    Cavco Industries has a news sentiment score of 1.72. 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 higher news sentiment than the 0.82 average news sentiment score of Construction companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Cavco Industries this week, compared to 4 articles on an average week.
  • Search Interest

    2 people have searched for CVCO on MarketBeat in the last 30 days.
  • MarketBeat Follows

    75 people have added Cavco Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 1,775% compared to the previous 30 days.
  • 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.

  • Read more about Cavco Industries' insider trading history.
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CVCO Stock News Headlines

📉 Warning: Market Crash Predicted - Secure Your Savings
The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.
Cavco Industries price target raised to $495 from $422 at Craig-Hallum
See More Headlines

CVCO Stock Analysis - Frequently Asked Questions

Cavco Industries' stock was trading at $346.62 on January 1st, 2024. Since then, CVCO shares have increased by 37.2% and is now trading at $475.41.
View the best growth stocks for 2024 here
.

Cavco Industries, Inc. (NASDAQ:CVCO) posted its earnings results 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 analyst estimates of $480.10 million. Cavco Industries had a net margin of 8.00% and a trailing twelve-month return on equity of 14.38%.

Cavco Industries' top institutional shareholders 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
.

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.

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
11/21/2024
Next Earnings (Estimated)
2/06/2025
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Mobile homes
Sub-Industry
Homebuilding
Current Symbol
NASDAQ:CVCO
CUSIP
14956810
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
-0.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$157.82 million
Pretax Margin
10.02%

Debt

Sales & Book Value

Annual Sales
$1.79 billion
Cash Flow
$21.59 per share
Book Value
$123.81 per share

Miscellaneous

Free Float
7,977,000
Market Cap
$3.86 billion
Optionable
Optionable
Beta
1.24

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This page (NASDAQ:CVCO) was last updated on 11/21/2024 by MarketBeat.com Staff
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