Champion Homes (NYSE:SKY) Stock Price Down 9.1% – Should You Sell?

Champion Homes, Inc. (NYSE:SKY)’s share price fell 9.1% during mid-day trading on Friday . The company traded as low as $76.39 and last traded at $76.8030. 45,040 shares were traded during trading, a decline of 93% from the average session volume of 686,605 shares. The stock had previously closed at $84.46.

Analyst Ratings Changes

SKY has been the topic of a number of recent 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. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings reiterated 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 set a $101.00 price target on shares of Champion Homes in a report on Friday, January 9th. Finally, Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Champion Homes Trading Down 8.6%

The business has a fifty day moving average price of $87.79 and a 200-day moving average price of $77.70. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.31 billion, a P/E ratio of 20.05 and a beta of 1.08.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The company had revenue of $684.43 million for the quarter, compared to analyst estimates of $636.96 million. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Insider Activity

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the completion of the transaction, the vice president directly owned 33,230 shares in the company, valued at $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 1,800 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total value of $159,030.00. Following the completion of the sale, the executive vice president directly owned 54,177 shares in the company, valued at approximately $4,786,537.95. This represents a 3.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,795 shares of company stock valued at $1,372,603 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. AMG National Trust Bank acquired a new stake in shares of Champion Homes in the 4th quarter valued at approximately $919,000. Comerica Bank boosted its position in Champion Homes by 119.9% in the fourth quarter. Comerica Bank now owns 35,543 shares of the company’s stock valued at $3,003,000 after buying an additional 19,377 shares in the last quarter. Huntleigh Advisors Inc. grew its stake in shares of Champion Homes by 5.4% during the fourth quarter. Huntleigh Advisors Inc. now owns 9,263 shares of the company’s stock worth $783,000 after buying an additional 478 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Champion Homes during the fourth quarter worth $177,000. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Champion Homes by 11.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,871 shares of the company’s stock worth $327,000 after buying an additional 383 shares in the last quarter.

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.