Champion Homes (NYSE:SKY) Director Sells $139,830.00 in Stock

Champion Homes, Inc. (NYSE:SKY) Director Michael Berman sold 1,500 shares of the company’s 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 completion of the transaction, the director directly owned 6,825 shares in the company, valued at approximately $636,226.50. This represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Champion Homes Stock Up 2.4%

SKY opened at $96.11 on Friday. Champion Homes, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The company has a market capitalization of $5.22 billion, a P/E ratio of 28.02 and a beta of 1.01. The stock has a fifty day moving average of $83.68 and a 200-day moving average of $80.99.

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

Analyst Ratings Changes

A number of brokerages have issued reports on SKY. Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Barclays increased their price target on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. UBS Group lifted their price objective on Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, Citigroup started coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Champion Homes in the 4th quarter valued at $26,000. UMB Bank n.a. boosted its stake in Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 138 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Champion Homes in the fourth quarter valued at about $26,000. Parallel Advisors LLC grew its position in Champion Homes by 668.6% in the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Champion Homes in the third quarter valued at about $35,000.

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.