10 Best Home Builder Stocks To Buy Now

8. Cavco Industries, Inc. (NASDAQ:CVCO)

Number of Hedge Fund Holders: 32

Cavco Industries, Inc. (NASDAQ:CVCO) is a leading manufactured home builder in the US. The company has some of the recognized brand names in the industry including Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Nationwide Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Destiny Homes. The firm’s insurance group provides insurance products for manufactured home owners and its finance subsidiary offers homebuyer financing options.

Cavco Industries, Inc. (NASDAQ:CVCO) has built a decades-old legacy for itself. The company has been shaping the manufactured home industry as a leader in innovation and construction techniques. For six decades, it has been bringing high-quality, luxurious homes to buyers while acquiring the status of one of the largest producers of manufactured homes in the market. The company brands have showcased success

The momentum that the firm had experienced in the fourth quarter was successfully carried through the first quarter. For this quarter, the firm witnessed increasing orders, production increases, and a growing backlog. Although Cavco’s factory-built housing results continue to improve, its consolidated results were negatively affected by high claims costs in its insurance operations, for which the firm is actively managing exposure.

The repute and strong market position of the home builder is evident from the fact that half a million families have enjoyed a Cavco manufactured home. As of Q2, Cavco Industries, Inc. (NASDAQ:CVCO) is held by 32 hedge funds. Broad Bay Capital is the most prominent shareholder in the company.