Joseph Kimmell Sells 1,812 Shares of Champion Homes (NYSE:SKY) Stock

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 1,812 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $82.04, for a total value of $148,656.48. Following the completion of the transaction, the executive vice president directly owned 55,977 shares in the company, valued at $4,592,353.08. This trade represents a 3.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Champion Homes Stock Up 0.7%

NYSE:SKY opened at $86.19 on Thursday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 22.92 and a beta of 1.14. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $116.49. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $74.85 and a 200-day simple moving average of $72.08.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The firm had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current year.

Hedge Funds Weigh In On Champion Homes

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its position in Champion Homes by 257.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after purchasing an additional 278 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Champion Homes during the third quarter worth $30,000. Advisory Services Network LLC acquired a new stake in shares of Champion Homes during the third quarter worth $35,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Champion Homes by 10,171.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock valued at $45,000 after buying an additional 712 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Champion Homes in the 2nd quarter valued at $48,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Champion Homes from $74.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Royal Bank Of Canada raised Champion Homes from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $85.00 to $91.00 in a research report on Thursday, November 6th. Finally, Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.00.

Champion Homes Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.