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

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 4,000 shares of the firm’s stock in a transaction dated 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 approximately $2,438,077.38. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Champion Homes Stock Down 2.2%

Shares of NYSE SKY opened at $78.69 on Friday. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17. The business has a 50-day simple moving average of $74.80 and a two-hundred day simple moving average of $82.11. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.32 billion, a P/E ratio of 21.50 and a beta of 1.04.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new position in shares of Champion Homes during the fourth quarter worth about $26,000. UMB Bank n.a. grew its holdings in shares of Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Champion Homes during the fourth quarter worth about $26,000. Parallel Advisors LLC grew its holdings in shares of Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $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 during the third quarter worth about $35,000.

Analyst Ratings Changes

SKY has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Zacks Research cut shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Citigroup initiated coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Weiss Ratings cut shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Finally, UBS Group assumed coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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.