CVCO Insiders Buy the Dip After Earnings Shock

Cavco Industries Inc. (CVCO:US) is a leading player in the factory-built housing sector, specializing in the design, production, and retail of manufactured and modular homes across the United States. Founded in 1965 and headquartered in Phoenix, Arizona, the company operates through two main segments: Factory-Built Housing, which includes everything from single-family modular homes to park model RVs, vacation cabins, and even commercial structures like workforce housing and multi-family units; and Financial Services, offering mortgages, home loans, and insurance to buyers Cavco boasts a market capitalization of approximately $4.2 billion.

Recent Insider Trades

Insider activity at Cavco has been notably active in early 2026, with several key executives and directors making open-market purchases that signal optimism about the company's trajectory. Here's a breakdown of the most recent transactions:

• On Feb 4, 2026, David Alan Greenblatt, an Independent Director, bought 87 shares of common stock at $500 per share, totaling $43,500. This increased his holdings to 16,076 shares.

• Also on Feb 4, 2026, William C. Boor, the President and CEO, purchased 1,000 shares at $495 each, for a total value of $495,000, bringing his ownership to 48,022 shares.

• On Feb 3, 2026, Greenblatt added another 413 shares at approximately $463.02 per share, amounting to $191,225, raising his stake to 15,989 shares.

• Earlier, on Feb 2, 2026, Steven Walter (Steve) Moster, a Director, acquired 300 shares at $456.23 per share, valued at $136,869, resulting in holdings of 2,976 shares.

These buys come on the heels of a significant post-earnings stock dip, where the share price fell around 30% following the Q3 fiscal 2026 results. In fact, additional reports highlight that three insiders, including the CEO, capitalized on this dip with further purchases, underscoring a pattern of accumulation at lower prices. Such moves are often interpreted by investors as a vote of confidence, especially in a sector sensitive to economic cycles like housing.

Insider Insight Behind the Buys

The insiders behind these trades bring decades of strategic and operational experience at Cavco, potentially giving them a clearer view of the company’s resilience and growth path. Buying during a price correction can signal confidence that the stock is undervalued, particularly as demand for affordable housing remains strong amid persistent U.S. supply shortages.

David Alan Greenblatt, an Independent Director since 2008 and Chair of the Corporate Governance and Nominating Committee, previously served as Senior Vice President and Deputy General Counsel at Eagle Materials. His background in regulatory compliance and corporate strategy suggests a focus on governance strength and long-term stability.

President and CEO William C. Boor, in the role since 2019, has guided Cavco through acquisitions and shifting market conditions. With prior executive experience at Booz Allen Hamilton and long-standing board involvement, his leadership spans strategy, finance, and operations. His purchase, the largest among the group, may reflect confidence in integration progress and improving demand for factory-built housing.

Steven Walter Moster, an Independent Director since 2020 and former CEO of Viad Corp, brings experience scaling service-driven businesses. His early year buy aligns with a view that Cavco’s diversified model, combining manufacturing and financial services, positions it well for a housing market recovery.

Collectively, these trades may point to perceived undervaluation, supported by insiders’ visibility into order backlogs, operational performance, and acquisition synergies.

Related Company News

On January 29, 2026, the company reported net revenue of $581 million for the quarter ended December 27, 2025, an 11.3% increase year-over-year, driven partly by the acquisition of American Homestar, which closed on September 29, 2025 and contributed $42 million in revenue. However, net income fell 22% to $44.1 million, with diluted EPS at $5.58, missing analyst estimates of $6.26 and leading to a sharp stock decline in after-hours trading. Despite the miss, positives included a 3.2% rise in homes sold, improved gross margins in financial services to 65.2%, and a backlog of $160 million (representing 4-6 weeks of production).

In the earnings call on January 30, 2026, CEO Bill Boor highlighted partial synergies from the American Homestar deal and ongoing efforts to navigate market pressures, though broader housing sector headwinds contributed to the softer performance. Looking ahead, Cavco's focus on acquisitions and operational efficiency could drive a rebound, making it a stock to watch for value-oriented investors.