Confluence Investment Management LLC lifted its holdings in Cavco Industries, Inc. (NASDAQ: CVCO) by 62.6% during the undefined quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,287 shares of the construction company's stock after acquiring an additional 4,729 shares during the period. Confluence Investment Management LLC owned

Caxton Associates LLP bought a new position in shares of Cavco Industries, Inc. (NASDAQ: CVCO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,850 shares of the construction company's stock, valued at approximately $1,238,000. A number

Fisher Asset Management LLC lowered its position in Cavco Industries, Inc. (NASDAQ: CVCO) by 61.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,682 shares of the construction company's stock after selling 44,797 shares during the period. Fisher Asset Management LLC owned 0.35%

Does Cavco (CVCO) have what it takes to be a top stock pick for momentum investors? Let's find out.

Franklin Resources Inc. grew its position in shares of Cavco Industries, Inc. (NASDAQ: CVCO) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,218 shares of the construction company's stock after acquiring an additional 1,285 shares during

Ballast Asset Management LP lowered its position in Cavco Industries, Inc. (NASDAQ: CVCO) by 23.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,158 shares of the construction company's stock after selling 3,753 shares during the quarter. Cavco Industries comprises

Does Cavco (CVCO) have what it takes to be a top stock pick for momentum investors? Let's find out.

Cavco Industries delivered strong Q2 results with 9.6% YoY revenue growth, driven by factory-built housing and strategic production adjustments. CVCO's acquisition of American Homestar expands its presence in high-growth southern regions, boosting market share to 15% and retail locations to 100. Despite a premium 22x forward P/E, CVCO's robust EPS outlook, debt-free balance sheet, and active buyback program support further upside potential.

Macroeconomic headwinds are plaguing the housing sector, but certain pockets continue to thrive. Installers and low-cost providers have been able to dampen the effects of high rates and home prices.

Cavco Industries is upgraded to a soft "Buy" due to its resilience and growth despite broader housing market weakness. CVCO's niche in factory-built homes, recent acquisition of American Homestar, and strong backlog support continued expansion. The company boasts a fortress balance sheet with no debt and significant cash reserves, enhancing its financial stability.