In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Cavco Industries (CVCO – Research Report). The company’s shares closed yesterday at $391.16.
Palm covers the Technology sector, focusing on stocks such as Faro Technologies, Markforged Holding, and Allient. According to TipRanks, Palm has an average return of 9.0% and a 51.87% success rate on recommended stocks.
The analyst consensus on Cavco Industries is currently a Moderate Buy rating.
Based on Cavco Industries’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $446.77 million and a net profit of $35.99 million. In comparison, last year the company earned a revenue of $500.6 million and had a net profit of $59.52 million
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Cavco Industries (CVCO) Company Description:
Cavco Industries, Inc. engages in the development of residential modular structures. It offers manufactured homes; modular homes; park model RVs and cabins; commercial structures; mortgage lending; and insurance. The firm’s brands include Cavco, Fleetwood, Palm Harbor and Fairmont. The company was founded in 1965 and is headquartered in Phoenix, AZ.
