Champion Homes (NYSE:SKY) EVP Sells $303,640.00 in Stock

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 4,000 shares of the business’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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Champion Homes Trading Down 2.2%

SKY opened at $78.69 on Friday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 21.50 and a beta of 1.04. 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 stock has a fifty day moving average price of $74.80 and a 200-day moving average price of $82.11.

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%. As a group, equities research analysts anticipate that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SKY. Wasatch Advisors LP raised its stake in shares of Champion Homes by 221.3% in the first quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock worth $203,533,000 after purchasing an additional 1,885,046 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Champion Homes by 1,149.3% in the third quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock worth $106,738,000 after purchasing an additional 1,285,768 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Champion Homes in the fourth quarter worth about $90,282,000. Bank of Montreal Can raised its stake in shares of Champion Homes by 14,014.0% in the fourth quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock worth $69,817,000 after purchasing an additional 820,378 shares during the last quarter. Finally, Bamco Inc. NY purchased a new position in shares of Champion Homes in the fourth quarter worth about $61,308,000.

Analyst Upgrades and Downgrades

SKY has been the subject of several recent research reports. Royal Bank Of Canada reduced their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Barclays reduced their price target on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Finally, UBS Group initiated coverage on 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 investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.