Cavco Industries: Manufactured Housing's Edge Endures

Cavco Industries, Inc. reported a stable fiscal Q1 sales performance in a weak housing market. CVCO's margin performance did reflect housing market conditions, as the company's retail pricing power is limited. The newly effective housing bill helps CVCO significantly, especially as the bill includes separate provisions for manufactured housing. I estimate CVCO stock to have 18% upside to $645. Cavco Industries, Inc. ( CVCO ) reported the company 's fiscal Q1 results from the April-June period on the 30 th of July. The factory-built housing manufacturer reported solid demand trends for the quarter despite challenging overall housing The company's retail pricing power is limited. The newly effective housing bill helps CVCO significantly, especially as the bill includes separate provisions for manufactured housing. I estimate CVCO stock to have 18% upside to $645.