Wedbush Has Negative Estimate for CVCO FY2025 Earnings

Cavco Industries, Inc. (NASDAQ:CVCO) – Investment analysts at Wedbush cut their FY2025 earnings estimates for shares of Cavco Industries in a report issued on Monday, May 19th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $21.24 for the year, down from their prior forecast of $21.93. Wedbush has a “Neutral” rating and a $550.00 price objective on the stock. The consensus estimate for Cavco Industries’ current full-year earnings is $21.93 per share. Wedbush also issued estimates for Cavco Industries’ Q4 2025 earnings at $5.23 EPS.

Separately, StockNews.com cut shares of Cavco Industries from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th.

Cavco Industries Stock Up 0.4%

Shares of NASDAQ:CVCO opened at $519.77 on Wednesday. Cavco Industries has a 52-week low of $331.08 and a 52-week high of $549.99. The stock has a market cap of $4.21 billion, a P/E ratio of 25.58 and a beta of 1.29. The business has a fifty day moving average of $501.43 and a two-hundred day moving average of $493.33.

Insider Activity

In related news, Director David A. Greenblatt sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 15,286 shares of the company’s stock, valued at approximately $8,084,459.68. This trade represents a 20.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Cavco Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Cavco Industries by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 774,842 shares of the construction company’s stock valued at $402,631,000 after purchasing an additional 37,249 shares during the last quarter. FMR LLC boosted its position in shares of Cavco Industries by 118.8% during the fourth quarter. FMR LLC now owns 296,343 shares of the construction company’s stock worth $132,237,000 after buying an additional 160,899 shares during the period. GAMMA Investing LLC grew its stake in shares of Cavco Industries by 71,961.9% in the first quarter. GAMMA Investing LLC now owns 229,157 shares of the construction company’s stock valued at $119,077,000 after buying an additional 228,839 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cavco Industries by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company’s stock valued at $101,324,000 after buying an additional 2,640 shares during the period. Finally, Invesco Ltd. lifted its stake in Cavco Industries by 7.5% during the 1st quarter. Invesco Ltd. now owns 196,210 shares of the construction company’s stock worth $101,957,000 after acquiring an additional 13,753 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cavco Industries Company Profile

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.