Champion Homes (NYSE:SKY) EVP Joseph Kimmell Sells 7,922 Shares

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 7,922 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the transaction, the executive vice president directly owned 36,118 shares of the company’s stock, valued at $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Champion Homes Price Performance

SKY stock opened at $77.87 on Wednesday. The company has a market capitalization of $4.27 billion, a P/E ratio of 21.28 and a beta of 1.04. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The business has a 50 day simple moving average of $74.53 and a 200-day simple moving average of $82.17. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01.

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

Institutional Investors Weigh In On Champion Homes

Large investors have recently modified their holdings of the stock. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Champion Homes by 7.5% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company’s stock worth $50,700,000 after purchasing an additional 46,555 shares during the last quarter. Comerica Bank raised its stake in shares of Champion Homes by 119.9% during the fourth quarter. Comerica Bank now owns 35,543 shares of the company’s stock worth $3,003,000 after purchasing an additional 19,377 shares during the last quarter. Kingdon Capital Management L.L.C. purchased a new stake in shares of Champion Homes during the third quarter worth approximately $11,456,000. Rhumbline Advisers raised its stake in shares of Champion Homes by 4.3% during the third quarter. Rhumbline Advisers now owns 157,253 shares of the company’s stock worth $12,009,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Champion Homes by 7.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company’s stock worth $116,877,000 after purchasing an additional 104,217 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on SKY. Citigroup began coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. UBS Group began coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. Royal Bank Of Canada decreased their price objective on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Finally, Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Champion Homes currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

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.