35,949 Shares of Cavco Industries, Inc. $CVCO Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC purchased a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) during the third quarter, Holdings Channel.com reports. The fund purchased 35,949 shares of the construction company’s stock, valued at approximately $20,141,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CVCO. BlackRock Inc. bought a new stake in Cavco Industries in the 2nd quarter worth about $767,112,000. Jupiter Topco LLC purchased a new stake in Cavco Industries in the 2nd quarter valued at about $42,954,000. Neumeier Poma Investment Counsel LLC purchased a new stake in Cavco Industries in the 2nd quarter valued at about $42,826,587. Punch & Associates Investment Management Inc. bought a new position in shares of Cavco Industries during the 2nd quarter worth approximately $33,133,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Cavco Industries during the 2nd quarter worth approximately $28,096,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cavco Industries

In other news, CAO Paul Bigbee sold 342 shares of the 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 completion of the transaction, the chief accounting officer directly owned 736 shares of the company’s stock, valued at $435,712. This represents a 31.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Cavco Industries Stock Performance

CVCO opened at $679.07 on Thursday. The firm has a market cap of $5.18 billion, a P/E ratio of 28.77, a PEG ratio of 1.76 and a beta of 1.29. The firm has a 50-day moving average of $553.82 and a 200 day moving average of $551.75. Cavco Industries, Inc. has a fifty-two week low of $443.33 and a fifty-two week high of $713.01.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $7.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.52 by $1.65. The business had revenue of $656.38 million during the quarter, compared to the consensus estimate of $613.12 million. Cavco Industries had a net margin of 7.68% and a return on equity of 16.60%. Equities research analysts predict that Cavco Industries, Inc. will post 24.62 earnings per share for the current fiscal year.

Trending Headlines about Cavco Industries

Here are the key news stories impacting Cavco Industries this week:

• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $24.17 from $22.49 and increased its FY2028 estimate to $28.28 from $27.71, signaling improved expectations for future earnings. It reiterated an Outperform rating. Cavco Industries analyst estimates
• Positive Sentiment: Craig-Hallum raised its price target to $750 from $640, a substantial increase that may reinforce investor optimism. Craig-Hallum raises Cavco price target
• Positive Sentiment: A Zacks article noted CVCO’s 15.86% gain over the preceding week, highlighting strong recent momentum that may attract momentum-focused investors. Cavco’s recent momentum
• Neutral Sentiment: Oppenheimer reaffirmed its Outperform rating, adding support but not representing a new rating change. Oppenheimer reaffirms Cavco Outperform rating
• Neutral Sentiment: Northland maintained a $650 price objective, below the $679.07 share price cited in the provided market data; that gap may temper the otherwise upbeat analyst signals. Cavco analyst coverage

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CVCO. Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Oppenheimer reaffirmed an “outperform” rating and set a $735.00 price target (up from $720.00) on shares of Cavco Industries in a research report on Monday. Weiss Ratings raised Cavco Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Northland Securities assumed coverage on Cavco Industries in a report on Wednesday, October 28th. They set an “outperform” rating and a $650.00 price target on the stock. Finally, Zelman & Associates cut Cavco Industries from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Cavco Industries has a consensus rating of “Moderate Buy” and an average price target of $695.00.

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.