Cavco Industries (CVCO, Financial) experienced a significant stock movement with a 5.17% increase in its share price, reaching $500.00 per share. The trading volume stood at 43,300 shares, with a turnover rate of 0.53% and a price fluctuation of 3.77%.
Recent financial reports reveal that Cavco Industries generated a revenue of $507 million and a net profit of $43.82 million, translating to earnings per share of $5.33. The company reported a gross profit of $116 million and a price-to-earnings ratio of 27.83.
In terms of analyst ratings, out of four institutions, 75% recommended buying the stock, while 25% suggested selling, with no hold recommendations.
Within the residential construction industry, where Cavco Industries operates, the overall growth was 0.29%. Notably, Dream Finders Homes, Inc., Springview Holdings Ltd, and Cavco Industries showed significant gains. Dream Finders Homes, Inc., Hovnanian, and Champion Homes, Inc. were particularly active, with turnover rates of 1.78%, 1.10%, and 0.55%, respectively. Stocks with notable price fluctuations included Springview Holdings Ltd, United Homes Group, Inc., and Hovnanian, with fluctuations of 10.02%, 9.30%, and 5.96%, respectively.
Cavco Industries specializes in designing and manufacturing factory-built homes under brands such as Cavco Homes, Fleetwood Homes, and Palm Harbor Homes. The company also produces modular homes, park model homes, vacation cabins, and commercial structures. Cavco operates primarily in two segments: factory-built housing, which includes wholesale and retail systems-built housing, and financial services, offering consumer finance and insurance for manufactured homes. The majority of its revenue comes from the factory-built housing segment.
