Cavco Industries Inc. (CVCO) Dividend History

Company News

• Cavco Industries Announces Planned Acquisition of Manufactured Home Builder and Retailer, American Homestar Corporation

  Cavco Industries plans to acquire American Homestar Corporation for $190 million in cash, expanding its presence in the South Central U.S. manufactured housing market. The acquisition is expected to close in Q3 fiscal year 2026 and is anticipated to be earnings and cash flow accretive.

  GlobeNewswire Inc.
• Cavco (CVCO) Q1 Earnings and Revenues Miss Estimates

  Cavco, a homebuilder, reported Q1 earnings of $4.11 per share, missing the Zacks Consensus Estimate of $4.97 per share. The company's revenues also fell short of expectations. The outlook for the company is mixed, with the Zacks Rank #3 (Hold) indicating the stock is expected to perform in line with the market.

  Zacks Investment Research

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• Nvidia's 10% Leap Propels Tech Indexes To Record Highs; Blue Chips, Small Caps Slip: What's Driving Markets Thursday?

  Stronger-than-expected quarterly results and upbeat revenue guidance from Nvidia Corp. sparked a renewed surge in tech stocks on Thursday, as traders continue to exhibit bullish sentiment toward the rapidly expanding AI industry. The chipmaker giant’s stock soared over 10% to $1,051 per share during midday trading in New York, boosting its market value by an astonishing $277 billion in a single session. The tech-heavy Nasdaq 100 reached 18,907 points in early trading, setting a new all-time high. Similarly, the S&P 500 hit a record high of 5,341 points before paring gains as other sectors lagged behind tech. The semiconductor sector clearly outperformed, with the VanEck Semiconductor ETF (NYSE:SMH) rising 3%. Besides Nvidia, Synopsys Inc. (NASDAQ:SNPS), ASML Holding N.V. (NASDAQ:ASML), and Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) saw significant gains, up 4.2%, 3.4%, and 2.6%, respectively. However, broader market sentiment turned more cautious as S&P Global reported that although U.S. private sector activity grew at the fastest pace in nearly two years, input prices accelerated in May, reigniting inflation concerns. Treasury yields climbed higher, ...Full story available on Benzinga.com

  Benzinga

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• Three reasons investors have fallen in love with home builders’ stocks

  Shares of U.S. home builders have soared in 2023, but the stocks still trade well below historical price-to-earnings valuations.

  MarketWatch

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• Rare Stock Picks In September 2023 - From 32 Discerning Analysts

  Welcome to another installment of our monthly Rare Buy article, where we highlight September investment picks you may have missed. Explore more details here.

  Seeking Alpha

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