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

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

Champion Homes Trading Up 6.9%

Shares of NYSE:SKY traded up $5.18 during trading on Thursday, reaching $80.31. The company’s stock had a trading volume of 722,394 shares, compared to its average volume of 706,293. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $99.17. The firm’s 50 day simple moving average is $74.59 and its two-hundred day simple moving average is $82.14. The stock has a market capitalization of $4.41 billion, a PE ratio of 21.94 and a beta of 1.04.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on SKY. Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada reduced their target price on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Barclays reduced their target price on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Finally, Citigroup began coverage on shares of Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.00.

Hedge Funds Weigh In On Champion Homes

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 138 shares during the period. Los Angeles Capital Management LLC purchased a new position in Champion Homes during the fourth quarter valued at approximately $26,000. Kestra Advisory Services LLC purchased a new position in Champion Homes during the fourth quarter valued at approximately $26,000. Parallel Advisors LLC increased its holdings in Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Champion Homes during the third quarter valued at approximately $35,000.

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.