Joseph Kimmell Sells 7,922 Shares of Champion Homes (NYSE:SKY) Stock

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 7,922 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $75.70, for a total value of $599,695.40. Following the sale, the executive vice president directly owned 36,118 shares of the company’s stock, valued at approximately $2,734,132.60. This represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Champion Homes Stock Down 3.0%

SKY opened at $75.33 on Thursday. The business has a 50 day moving average price of $74.59 and a two-hundred day moving average price of $82.14. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.13 billion, a PE ratio of 20.58 and a beta of 1.04. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. As a group, research analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current year.

Hedge Funds Weigh In On Champion Homes

Several hedge funds have recently bought and sold shares of SKY. UMB Bank n.a. increased its stake in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after purchasing an additional 138 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Champion Homes in the 4th quarter valued at approximately $26,000. Kestra Advisory Services LLC purchased a new position in Champion Homes in the 4th quarter valued at approximately $26,000. Parallel Advisors LLC increased its stake in Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Champion Homes in the 3rd quarter valued at approximately $35,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group assumed coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. Royal Bank Of Canada cut their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Barclays cut their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Citigroup assumed coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. Finally, Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

About Champion Homes

Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.

The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.