Cavco IndustriesCVCO
Market Cap: $3.32B
About: Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. The company operates principally in two segments: Factory-built housing, which includes wholesale and retail systems-built housing operations, and the Financial services segment, which includes manufactured housing consumer finance and insurance. Cavco receives a majority of its revenue from the Factory-built housing segment.
Employees: 7,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
33% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 30
4% more funds holding
Funds holding: 258 [Q1] → 268 (+10) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 6 (+0) [Q2]
0% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 94
2.14% less ownership
Funds ownership: 96.82% [Q1] → 94.68% (-2.14%) [Q2]
16% less capital invested
Capital invested by funds: $3.22B [Q1] → $2.71B (-$510M) [Q2]
60% less call options, than puts
Call options by funds: $1.21M | Put options by funds: $3.01M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Craig-Hallum Greg Palm 62% 1-year accuracy 8 / 13 met price target | 5%upside $422 | Buy Maintained | 5 Aug 2024 |
Wedbush Jay McCanless 52% 1-year accuracy 24 / 46 met price target | 6%upside $425 | Outperform Reiterated | 2 Aug 2024 |