Champion Homes (NYSE:SKY) Director Sells 1,500 Shares of Stock

Champion Homes, Inc. (NYSE:SKY) Director Michael Berman sold 1,500 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $93.22, for a total value of $139,830.00. Following the completion of the sale, the director owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. This represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Champion Homes Trading Up 1.3%

SKY stock traded up $1.19 during mid-day trading on Tuesday, reaching $94.18. 502,874 shares of the stock traded hands, compared to its average volume of 720,262. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. Champion Homes, Inc. has a one year low of $63.69 and a one year high of $99.17. The stock has a market capitalization of $5.11 billion, a PE ratio of 27.46 and a beta of 1.01. The business has a 50-day moving average price of $82.41 and a two-hundred day moving average price of $80.97.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $710.23 million for the quarter, compared to the consensus estimate of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Equities research analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after buying an additional 138 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Champion Homes in the 4th quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new stake in Champion Homes in the 4th quarter valued at about $26,000. Parallel Advisors LLC grew its stake in Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Champion Homes in the third quarter valued at approximately $35,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on SKY shares. Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Citigroup assumed coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. UBS Group increased their price target on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada raised their price target on Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.00.

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.