Insider Selling: Champion Homes (NYSE:SKY) EVP Sells $599,695.40 in Stock

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 7,922 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the transaction, the executive vice president owned 36,118 shares in the company, valued at $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Champion Homes Stock Performance

NYSE SKY opened at $80.31 on Friday. The business’s 50-day moving average price is $74.71 and its 200 day moving average price is $82.13. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The company has a market capitalization of $4.41 billion, a PE ratio of 21.94 and a beta of 1.04. 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 released its earnings results 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%. On average, research analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SKY shares. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada reduced their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Citigroup started coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Finally, Barclays cut their price objective on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.00.

Institutional Trading of Champion Homes

Institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in Champion Homes during the 4th quarter worth approximately $26,000. UMB Bank n.a. increased its position in Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Champion Homes during the 4th quarter worth approximately $26,000. Parallel Advisors LLC increased its position in Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Champion Homes during the 3rd quarter worth approximately $35,000.

Champion Homes Company Profile

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.