Cavco Industries, Inc. (CVCO)

In the past six months, Cavco Industries' stock has experienced significant positive movement, reaching an all-time high of $618.93 on January 7, 2026, and a new 52-week high of $682.59 on January 13, 2026. Over the past year, the stock has seen a remarkable increase of 38.39%, with strong six-month returns of 34.55% as of January 7, 2026. Key events impacting the stock include strong financial results for the second quarter of fiscal year 2026, reported on October 30, 2025, and the planned acquisition of American Homestar Corporation on July 14, 2025, which was completed by September 30, 2025. Analyst ratings have varied, with some downgrades to "hold" and some upgrades to "strong-buy" during December 2025.

The manufactured housing industry, in which Cavco Industries operates, is highly cyclical and seasonal. Revenues and operating results are expected to fluctuate due to various national and regional economic and demographic factors, including the availability of consumer financing, consumer confidence, interest rates, employment trends, income levels, housing demand, and general economic conditions. Demand for affordable housing tends to benefit when traditional house prices surge faster than median household income. Severe weather events can also disrupt logistics and the supply of materials.

Cavco Industries, Inc. is a leading designer and producer of factory-built homes in the United States, operating in the Homebuilding sector, specifically in the Prefabricated Home Manufacturing and Manufactured Home Dealers industries. The company's business is divided into two main segments: Factory-built Housing and Financial Services. Its major products include manufactured homes, modular homes, park model recreational vehicles (RVs), vacation cabins, and factory-built commercial structures, marketed under various brand names. The Financial Services segment encompasses manufactured housing consumer finance through its subsidiary CountryPlace Acceptance Corp. and insurance services provided by Standard Casualty Co.

Cavco Industries has a significant geographic footprint across the United States and Mexico, operating 33 manufacturing production lines throughout the U.S. and two additional facilities in Mexico. Its products are distributed through an extensive network of independent and company-owned retailers, planned community operators, and residential developers. Cavco also operates 99 retail locations across various states, with a notable concentration in Texas. The primary geographic market for a typical manufacturing facility is within a cost-effective shipping radius of 350 miles.

In the past year, Cavco Industries has undertaken a strategic brand unification initiative, consolidating its extensive manufacturing brand portfolio under the single "Cavco" name, aiming to strengthen national brand identity, streamline product segmentation, and simplify the homebuying process. This brand realignment resulted in a non-cash charge impacting pre-tax earnings and a reduction in net income in the fourth quarter of fiscal 2025. Cavco Industries has received accolades such as being named MHI Manufacturer of the Year for seven consecutive years, and being recognized by Forbes Magazine among the "100 Best Managed Companies in the U.S." and "America's 100 Best Mid-Sized Companies." The company also released its 2024 Environmental, Social, and Governance (ESG) Report.

Cavco Industries has a significant institutional ownership, with institutions holding 89.71% of shares and individuals holding 1.31%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., Capital Research and Management Company, FMR LLC, and State Street Global Advisors, Inc. Other notable institutional shareholders include Boston Partners Global Investors, Inc., Geode Capital Management, LLC, and Dimensional Fund Advisors LP.