Q1 Earnings Forecast for Cavco Industries Issued By Wedbush

Cavco Industries, Inc. (NASDAQ:CVCO) – Wedbush issued their Q1 2027 earnings per share (EPS) estimates for shares of Cavco Industries in a report issued on Monday, February 3rd. Wedbush analyst J. Mccanless forecasts that the construction company will post earnings of $6.42 per share for the quarter. Wedbush currently has a “Neutral” rating and a $550.00 price objective on the stock. The consensus estimate for Cavco Industries’ current full-year earnings is $18.00 per share. Wedbush also issued estimates for Cavco Industries’ Q2 2027 earnings at $6.85 EPS, Q3 2027 earnings at $6.65 EPS and FY2027 earnings at $27.00 EPS.

Several other equities research analysts have also commented on the company. Craig Hallum upped their target price on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday.

Cavco Industries Price Performance

Shares of Cavco Industries stock opened at $515.86 on Tuesday. Cavco Industries has a one year low of $331.08 and a one year high of $544.08. The stock’s 50-day moving average is $473.42 and its 200 day moving average is $439.89. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 25.39 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.25% and a net margin of 8.75%.

Institutional Trading of Cavco Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund raised its stake in shares of Cavco Industries by 10.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 4,565 shares of the construction company’s stock worth $2,037,000 after purchasing an additional 436 shares during the last quarter. Truist Financial Corp increased its position in shares of Cavco Industries by 0.8% during the fourth quarter. Truist Financial Corp now owns 12,293 shares of the construction company’s stock valued at $5,486,000 after acquiring an additional 96 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Cavco Industries by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company’s stock valued at $18,797,000 after acquiring an additional 790 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Cavco Industries during the fourth quarter valued at approximately $425,000. Finally, Marks Group Wealth Management Inc increased its position in shares of Cavco Industries by 0.8% during the fourth quarter. Marks Group Wealth Management Inc now owns 11,226 shares of the construction company’s stock valued at $5,009,000 after acquiring an additional 89 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Susan L. Blount sold 750 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the completion of the sale, the director now directly owns 2,836 shares of the company’s stock, valued at $1,337,741.20. This represents a 20.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julia Sze sold 125 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the sale, the director now directly owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,850 shares of company stock valued at $889,417. 1.60% of the stock is owned by company insiders.

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.