Insider Selling: Champion Homes (NYSE:SKY) VP Sells 12,183 Shares of Stock

Champion Homes, Inc. (NYSE:SKY) VP Timothy Burkhardt sold 12,183 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this link.

Champion Homes Stock Down 1.3%

Shares of NYSE:SKY traded down $1.15 during trading on Tuesday, reaching $86.15. 514,326 shares of the company traded hands, compared to its average volume of 681,700. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a 1-year low of $59.44 and a 1-year high of $110.00. The firm has a fifty day simple moving average of $77.69 and a 200 day simple moving average of $72.13. The firm has a market cap of $4.81 billion, a P/E ratio of 22.38 and a beta of 1.06.

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

Hedge Funds Weigh In On Champion Homes

Several large investors have recently made changes to their positions in SKY. Wellington Management Group LLP grew its position in shares of Champion Homes by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock worth $366,619,000 after buying an additional 333,666 shares during the period. State Street Corp grew its stake in shares of Champion Homes by 4.0% during the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock worth $161,477,000 after purchasing an additional 98,659 shares during the period. Thrivent Financial for Lutherans increased its holdings in Champion Homes by 6.3% in the second quarter. Thrivent Financial for Lutherans now owns 2,068,870 shares of the company’s stock valued at $129,532,000 after purchasing an additional 122,895 shares during the last quarter. American Century Companies Inc. lifted its stake in Champion Homes by 50.8% in the second quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock valued at $121,804,000 after buying an additional 655,505 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Champion Homes by 1.1% during the third quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock worth $134,593,000 after buying an additional 19,784 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SKY shares. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Barclays upgraded Champion Homes from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $79.00 to $100.00 in a research report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Royal Bank Of Canada upgraded Champion Homes from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a research note 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.50.

About Champion Homes

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.