Cavco Industries (CVCO)

• Market cap: $3.69B
• 1 day: 2.96%
• 5 days: -5.20%
• 1 month: -4.23%
• 3 months: 4.48%
• 6 months: 26.91%
• Year to date: 32.19%
• 1 year: 33.49%
• 5 years: 132.43%
• 10 years: 472.99%
• Sector: Materials
• Industry: Mobile Homes

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 Q3 regulatory filings by fund managers ($100M+ AUM)

78% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 27

21% more capital invested

Capital invested by funds: $2.73B [Q2] → $3.31B (+$575M) [Q3]

17% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]

8% more funds holding

Funds holding: 268 [Q2] → 289 (+21) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 103

1.74% less ownership

Funds ownership: 95.35% [Q2] → 93.61% (-1.74%) [Q3]

47% less call options, than puts

Call options by funds: $1.67M | Put options by funds: $3.17M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $480 5% upside
• Avg. target: $488 7% upside
• High target: $495 9% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target	5% upside $480	Neutral Downgraded	3 Dec 2024
Craig-Hallum Greg Palm 64% 1-year accuracy 16 / 25 met price target	9% upside $495	Buy Maintained	4 Nov 2024