Cavco Industries, Inc. (NASDAQ:CVCO) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokerages have set a 12-month consensus target price of $220.00 for the company, according to Zacks. Zacks has also given Cavco Industries an industry rank of 241 out of 256 based on the ratings given to its competitors.

A number of equities research analysts have issued reports on the company. BidaskClub downgraded Cavco Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Craig Hallum set a $170.00 price target on Cavco Industries and gave the company a “hold” rating in a research report on Monday, November 12th.

In other news, insider Charles E. Lott sold 2,032 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $165.03, for a total value of $335,340.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.46% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CVCO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Cavco Industries by 13.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,035 shares of the construction company’s stock worth $515,000 after acquiring an additional 237 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Cavco Industries by 3.3% in the second quarter. Russell Investments Group Ltd. now owns 7,358 shares of the construction company’s stock worth $1,525,000 after acquiring an additional 238 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Cavco Industries by 3.5% in the third quarter. Essex Investment Management Co. LLC now owns 17,664 shares of the construction company’s stock worth $4,469,000 after acquiring an additional 603 shares in the last quarter. California Public Employees Retirement System raised its stake in Cavco Industries by 6.3% during the second quarter. California Public Employees Retirement System now owns 15,892 shares of the construction company’s stock valued at $3,300,000 after buying an additional 943 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Cavco Industries by 6.3% during the second quarter. Legal & General Group Plc now owns 16,854 shares of the construction company’s stock valued at $3,490,000 after buying an additional 997 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

CVCO stock traded up $0.27 during trading on Wednesday, reaching $146.69. 3,231 shares of the stock traded hands, compared to its average volume of 59,673. Cavco Industries has a 52-week low of $121.40 and a 52-week high of $261.80. The company has a current ratio of 2.28, a quick ratio of 1.71 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.36 billion, a PE ratio of 18.87 and a beta of 1.72.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Friday, November 9th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.18. Cavco Industries had a return on equity of 15.72% and a net margin of 8.28%. The firm had revenue of $241.53 million during the quarter, compared to the consensus estimate of $240.53 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.

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