Champion Homes (NYSE:SKY) EVP Joseph Kimmell Sells 4,000 Shares of Stock

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total value of $303,640.00. Following the completion of the transaction, the executive vice president owned 32,118 shares of the company’s stock, valued at $2,438,077.38. This trade represents a 11.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Champion Homes Stock Performance

Shares of SKY stock opened at $80.31 on Friday. The business has a fifty day moving average of $74.71 and a 200 day moving average of $82.13. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 21.94 and a beta of 1.04. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $99.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share 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 expect that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Hedge Funds Weigh In On Champion Homes

Several institutional investors and hedge funds have recently modified their holdings of SKY. UMB Bank n.a. increased its stake in shares of 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 shares of Champion Homes in the 4th quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new position in shares of Champion Homes in the 4th quarter valued at about $26,000. Parallel Advisors LLC increased its stake in shares of 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 shares of Champion Homes in the 3rd quarter valued at about $35,000.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of recent research reports. Citigroup initiated coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada reduced their price objective 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. UBS Group initiated coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Finally, Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.