FLEETWOOD LIMITED (FWD)
Share Price Analysis and Chart

30/08/2026

1

Buy

$2.92

5.42%

Moelis retains a Buy rating for Fleetwood with its target price increased to $2.92 from $2.20 following the release of an FY26 result featuring underlying NPAT of $23.2m.

The company reinstated a final dividend of 9.5c alongside announcing the acquisition of Red Dog Village for $20m, which is expected to potentially deliver annualised Community Solutions EBIT of $10m to $20m.

Management outlined upgraded FY27 occupancy expectations for the Searipple asset, now ranging between 82% and 92%.

FY27 to FY29 earnings per share estimates have been upgraded by 31% to 140% to incorporate the stronger Searipple outlook and assumed returning profitability in the Building Solutions division.

Further upside potential is noted should Rio Tinto ((RIO)) extend its room contract.

FORECAST
Moelis forecasts a full year FY27 dividend of 32.20 cents and EPS of 32.20 cents.
Moelis forecasts a full year FY28 dividend of 23.90 cents and EPS of 23.90 cents.