Champion Homes (NYSE:SKY) EVP Sells $599,695.40 in 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 completion of the sale, the executive vice president owned 36,118 shares in the company, valued at $2,734,132.60. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Champion Homes Stock Up 3.6%

Shares of NYSE:SKY traded up $2.67 during trading on Tuesday, reaching $77.87. 916,849 shares of the stock were exchanged, compared to its average volume of 703,923. 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, Inc. has a 1-year low of $59.44 and a 1-year high of $99.17. The stock has a fifty day moving average of $74.42 and a two-hundred day moving average of $82.16. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 21.28 and a beta of 1.04.

Champion Homes (NYSE:SKY) last released its quarterly earnings results 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%. Research analysts anticipate that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Champion Homes

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of 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 purchasing an additional 341 shares in the last quarter. Argent Capital Management LLC boosted its position in shares of Champion Homes by 40.7% during the first quarter. Argent Capital Management LLC now owns 24,164 shares of the company’s stock valued at $1,797,000 after purchasing an additional 6,994 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Champion Homes by 8.9% during the first quarter. Bank of America Corp DE now owns 577,007 shares of the company’s stock valued at $42,912,000 after purchasing an additional 47,140 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Champion Homes by 42.5% during the first quarter. Janus Henderson Group PLC now owns 146,528 shares of the company’s stock valued at $10,901,000 after purchasing an additional 43,678 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of Champion Homes by 5.1% during the first quarter. Arkadios Wealth Advisors now owns 7,103 shares of the company’s stock valued at $528,000 after purchasing an additional 345 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SKY shares. Royal Bank Of Canada dropped their price objective on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Citigroup initiated coverage on Champion Homes in a research report on Friday. They set a “buy” rating and a $93.00 price target for the company. Barclays decreased their price objective on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Finally, Weiss Ratings cut Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.