Insider Selling: Champion Homes (NYSE:SKY) EVP Sells 1,800 Shares of Stock

by · The Cerbat Gem

Champion Homes, Inc. (NYSE:SKY – Get Free Report) EVP Joseph Kimmell sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total value of $159,030.00. Following the transaction, the executive vice president owned 54,177 shares of the company’s stock, valued at $4,786,537.95. This trade represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Champion Homes Trading Down 0.7%

Shares of NYSE SKY traded down $0.61 during midday trading on Monday, hitting $87.33. The company’s stock had a trading volume of 539,693 shares, compared to its average volume of 682,401. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $110.00. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.88 billion, a P/E ratio of 22.68 and a beta of 1.06. The business’s 50 day moving average is $77.34 and its two-hundred day moving average is $71.98.

Champion Homes (NYSE:SKY – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The company had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. During the same quarter in the prior year, the company posted $0.93 EPS. Champion Homes’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Champion Homes, Inc. will post 3.63 EPS for the current year.

Hedge Funds Weigh In On Champion Homes

A number of large investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. bought a new stake in Champion Homes during the 3rd quarter valued at $467,000. Wilmington Savings Fund Society FSB bought a new position in shares of Champion Homes in the 3rd quarter worth $2,858,000. Advisory Services Network LLC purchased a new stake in shares of Champion Homes during the 3rd quarter worth $35,000. CANADA LIFE ASSURANCE Co boosted its position in Champion Homes by 4.2% during the third quarter. CANADA LIFE ASSURANCE Co now owns 54,688 shares of the company’s stock valued at $4,084,000 after purchasing an additional 2,224 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Champion Homes during the third quarter valued at about $7,323,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SKY shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, October 8th. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $85.00 to $91.00 in a research report on Thursday, November 6th. Barclays upgraded Champion Homes from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $79.00 to $100.00 in a report on Monday, December 8th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.50.

Check Out Our Latest Stock Report on Champion Homes

Champion Homes Company Profile

(Get Free Report)

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.

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