Champion Homes (NYSE:SKY) Director Michael Berman Sells 1,500 Shares of Stock

Champion Homes, Inc. (NYSE:SKY) Director Michael Berman sold 1,500 shares of Champion Homes stock in a transaction on Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the sale, the director directly owned 6,825 shares in the company, valued at $636,226.50. The trade was a 18.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Champion Homes Trading Up 1.3%

NYSE:SKY opened at $94.18 on Wednesday. Champion Homes, Inc. has a 1 year low of $63.69 and a 1 year high of $99.17. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 27.46 and a beta of 1.01. The business has a fifty day moving average of $82.83 and a 200-day moving average of $80.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $710.23 million for the quarter, compared to analysts’ expectations of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. Equities analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Institutional Investors Weigh In On Champion Homes

Institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. boosted its position in shares of Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after purchasing an additional 138 shares during the period. Los Angeles Capital Management LLC purchased a new position in Champion Homes in the 4th quarter worth about $26,000. Kestra Advisory Services LLC acquired a new stake in Champion Homes during the 4th quarter worth about $26,000. Parallel Advisors LLC lifted its stake in Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after buying an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Champion Homes during the third quarter valued at about $35,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. UBS Group boosted their target price on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Barclays lifted their price target on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.