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 $333.90.
Palm covers the Technology sector, focusing on stocks such as Faro Technologies, 3D Systems, and nLIGHT. According to TipRanks, Palm has an average return of 10.5% and a 53.33% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cavco Industries with a $380.00 average price target.
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The company has a one-year high of $365.63 and a one-year low of $233.84. Currently, Cavco Industries has an average volume of 71.15K.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVCO in relation to earlier this year. Most recently, in November 2023, Steven Like, the SVP of CVCO sold 3,530.00 shares for a total of $993,224.60.
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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.
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