Joseph Kimmell Sells 2,880 Shares of Champion Homes (NYSE:SKY) Stock

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 2,880 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the sale, the executive vice president directly owned 51,297 shares in the company, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Champion Homes Stock Performance

NYSE SKY opened at $79.12 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The business has a 50-day moving average price of $89.62 and a 200-day moving average price of $82.04. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 21.04 and a beta of 1.02.

Champion Homes (NYSE:SKY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The company had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. During the same quarter last year, the company earned $1.04 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Champion Homes

Several institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new position in shares of Champion Homes during the 4th quarter valued at approximately $26,000. UMB Bank n.a. lifted its position in Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after buying an additional 138 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Champion Homes in the fourth quarter worth $26,000. Parkside Financial Bank & Trust boosted its stake in Champion Homes by 257.4% during the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after buying an additional 278 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in Champion Homes during the third quarter worth $30,000.

Analyst Upgrades and Downgrades

SKY has been the topic of several research analyst reports. Barclays boosted their target price on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a research note on Friday, January 9th. Zelman & Associates downgraded shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Finally, CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Champion Homes Company Profile

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.