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 that occurred on Friday, December 12th. The stock was 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 of the company’s stock, valued at approximately $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 accessible through this link.

Champion Homes Price Performance

Shares of NYSE SKY traded down $1.15 during midday trading on Tuesday, hitting $86.15. The stock had a trading volume of 514,326 shares, compared to its average volume of 681,700. The stock has a 50 day simple moving average of $77.69 and a 200-day simple moving average of $72.13. 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 capitalization of $4.81 billion, a PE ratio of 22.38 and a beta of 1.06. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $110.00.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) 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 company had revenue of $684.43 million during the quarter, compared to analysts’ expectations of $636.96 million. During the same quarter in the prior year, the company earned $0.93 EPS. Champion Homes’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Institutional Trading of Champion Homes

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SKY shares. Barclays raised shares of Champion Homes from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $79.00 to $100.00 in a research note on Monday, December 8th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $85.00 to $91.00 in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.50.

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.