Q3 Earnings Forecast for CVCO Issued By Northland Securities

Cavco Industries, Inc. (NASDAQ:CVCO) – Equities research analysts at Northland Securities increased their Q3 2027 earnings estimates for Cavco Industries in a report issued on Monday, November 2nd. Northland Securities analyst G. Gibas now anticipates that the construction company will earn $5.88 per share for the quarter, up from their prior estimate of $5.86. Northland Securities has an “Outperform” rating and a $650.00 price objective 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 a number of other reports. Weiss Ratings raised Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Zelman & Associates downgraded Cavco Industries from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 6th. Oppenheimer reissued an “outperform” rating and set a $735.00 price target (up from $720.00) on shares of Cavco Industries in a report on Monday. Finally, Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $695.00.

Cavco Industries Price Performance

Shares of CVCO stock opened at $662.89 on Tuesday. Cavco Industries has a 1 year low of $443.33 and a 1 year high of $713.01. The firm has a fifty day moving average price of $550.68 and a 200-day moving average price of $552.02. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 28.09 and a beta of 1.27.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $7.17 earnings per share 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 analysts’ expectations of $613.12 million. Cavco Industries had a net margin of 7.89% and a return on equity of 16.51%.

Insider Buying and Selling

In other Cavco Industries news, CAO Paul Bigbee sold 342 shares of Cavco Industries stock in a transaction that occurred 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 transaction, the chief accounting officer owned 736 shares of the company’s stock, valued at $435,712. The trade was a 31.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Trading of Cavco Industries

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

About Cavco Industries

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.