Cavco Industries’ (CVCO) “Neutral” Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of Cavco Industries (NASDAQ:CVCO) in a research note released on Tuesday, Marketbeat Ratings reports. The firm currently has a $550.00 price target on the construction company’s stock. Wedbush also issued estimates for Cavco Industries’ Q1 2026 earnings at $5.81 EPS, Q2 2026 earnings at $6.45 EPS, Q3 2026 earnings at $5.71 EPS, Q4 2026 earnings at $5.84 EPS, FY2026 earnings at $23.82 EPS, Q1 2027 earnings at $6.48 EPS, Q2 2027 earnings at $7.01 EPS, Q3 2027 earnings at $6.21 EPS, Q4 2027 earnings at $6.36 EPS and FY2027 earnings at $26.05 EPS.

Separately, Wall Street Zen lowered Cavco Industries from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Cavco Industries Stock Performance

NASDAQ:CVCO opened at $434.38 on Tuesday. The stock’s fifty day moving average is $495.23 and its 200 day moving average is $493.41. Cavco Industries has a fifty-two week low of $331.08 and a fifty-two week high of $549.99. The firm has a market capitalization of $3.52 billion, a PE ratio of 21.38 and a beta of 1.29.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, May 22nd. The construction company reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.23 by $0.17. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. The business had revenue of $508.36 million for the quarter, compared to analyst estimates of $504.15 million. Equities analysts forecast that Cavco Industries will post 21.93 EPS for the current year.

Insiders Place Their Bets

In other news, Director David A. Greenblatt sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the transaction, the director now owns 15,286 shares in the company, valued at approximately $8,084,459.68. This trade represents a 20.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Cavco Industries

Institutional investors have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Cavco Industries during the fourth quarter valued at $67,000. CWM LLC increased its stake in shares of Cavco Industries by 44.0% during the first quarter. CWM LLC now owns 157 shares of the construction company’s stock valued at $82,000 after buying an additional 48 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock valued at $72,000 after buying an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Cavco Industries by 2,850.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 177 shares of the construction company’s stock valued at $92,000 after buying an additional 171 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Cavco Industries during the first quarter valued at $112,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

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.