Q3 Earnings Estimate for CVCO Issued By Northland Securities

Cavco Industries, Inc. (NASDAQ:CVCO) – Stock analysts at Northland Securities increased their Q3 2027 earnings per share (EPS) estimates for shares of Cavco Industries in a report issued on Monday, November 2nd. Northland Securities analyst G. Gibas now forecasts that the construction company will post earnings per share of $5.88 for the quarter, up from their prior forecast of $5.86. Northland Securities has an “Outperform” rating and a $650.00 price target on the stock. The consensus estimate for Cavco Industries’ current full-year earnings is $22.60 per share. Northland Securities also issued estimates for Cavco Industries’ Q4 2027 earnings at $5.70 EPS and FY2028 earnings at $28.28 EPS.

CVCO has been the topic of several other reports. Weiss Ratings raised Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Zelman & Associates lowered Cavco Industries from an “outperform” rating to a “neutral” rating in a report on Thursday, August 6th. Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $735.00 price target (up from $720.00) on shares of Cavco Industries in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $695.00.

Cavco Industries Stock Performance

Shares of Cavco Industries stock opened at $662.89 on Tuesday. The stock has a market capitalization of $5.10 billion, a PE ratio of 28.09 and a beta of 1.27. Cavco Industries has a 52-week low of $443.33 and a 52-week high of $713.01. The company has a 50-day simple moving average of $550.68 and a two-hundred day simple moving average of $552.02.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, October 29th. The construction company reported $7.17 EPS for the quarter, topping the consensus estimate of $5.52 by $1.65. The business had revenue of $656.38 million for the quarter, compared to the consensus estimate of $613.12 million. Cavco Industries had a return on equity of 16.51% and a net margin of 7.89%.

Hedge Funds Weigh In On Cavco Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Cavco Industries during the second quarter valued at $767,112,000. Jupiter Topco LLC purchased a new position in Cavco Industries in the second quarter worth about $42,954,000. Neumeier Poma Investment Counsel LLC purchased a new position in Cavco Industries in the second quarter worth about $42,826,587. Punch & Associates Investment Management Inc. purchased a new position in Cavco Industries in the second quarter worth about $33,133,000. Finally, Bessemer Group Inc. grew its stake in shares of Cavco Industries by 3.5% during the 1st quarter. Bessemer Group Inc. now owns 59,878 shares of the construction company’s stock valued at $28,998,000 after purchasing an additional 2,008 shares during the period. 95.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cavco Industries news, CAO Paul Bigbee sold 342 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $592.00, for a total transaction of $202,464.00. Following the completion of the sale, the chief accounting officer directly owned 736 shares in the company, valued at approximately $435,712. The trade was a 31.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Cavco Industries Company Profile

Cavco Industries, Inc is a manufacturer of factory-built housing and related products. The company designs and produces manufactured homes, modular homes, park model recreational vehicles, and commercial structures for residential, hospitality, and other applications. Its homes are sold through independent retailers, company-owned retail locations, and a network of housing dealers.

Cavco markets its products under several brands, including Cavco, Fleetwood Homes, Palm Harbor Homes, Nationwide Homes, Solitaire Homes, and CountryPlace.