Erin Claire Helgren Sells 1,100 Shares of Champion Homes (NYSE:SKY) Stock

Champion Homes, Inc. (NYSE:SKY) Director Erin Claire Helgren sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the transaction, the director directly owned 8,196 shares of the company’s stock, valued at approximately $778,620. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Champion Homes Stock Down 2.3%

Shares of SKY traded down $2.22 during mid-day trading on Monday, hitting $92.44. 689,256 shares of the company’s stock were exchanged, compared to its average volume of 721,702. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97. Champion Homes, Inc. has a 52 week low of $63.69 and a 52 week high of $99.17. The company has a market cap of $5.02 billion, a PE ratio of 26.95 and a beta of 1.01. The company has a 50-day simple moving average of $81.99 and a 200 day simple moving average of $80.98.

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

Institutional Investors Weigh In On Champion Homes

Several hedge funds have recently bought and sold shares of the company. Robotti Robert acquired a new stake in Champion Homes in the 2nd quarter valued at about $7,983,000. Meeder Asset Management Inc. acquired a new position in Champion Homes during the second quarter worth approximately $489,000. BlackRock Inc. bought a new stake in Champion Homes in the second quarter valued at approximately $794,354,000. Deutsche Bank AG bought a new stake in Champion Homes in the second quarter valued at approximately $5,322,000. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Champion Homes in the second quarter valued at approximately $2,881,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SKY shares. Zelman & Associates raised Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday. Royal Bank Of Canada boosted their price target on Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Barclays increased their price objective on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Weiss Ratings raised shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. One equities research 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.00.

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.