Joseph Kimmell Sells 1,800 Shares of Champion Homes (NYSE:SKY) Stock

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 1,800 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total value of $159,030.00. Following the completion of the sale, the executive vice president directly owned 54,177 shares in the company, valued at $4,786,537.95. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Champion Homes Stock Performance

Shares of SKY opened at $86.15 on Wednesday. The firm has a fifty day moving average of $78.09 and a 200-day moving average of $72.28. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 22.38 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.77 and a current ratio of 2.60. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $110.00.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.20. The firm had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. Champion Homes’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. As a group, equities analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Hedge Funds Weigh In On Champion Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Champion Homes in the first quarter valued at $13,736,000. HighTower Advisors LLC raised its position in Champion Homes by 27.7% in the first quarter. HighTower Advisors LLC now owns 6,408 shares of the company’s stock worth $607,000 after acquiring an additional 1,389 shares in the last quarter. Russell Investments Group Ltd. raised its position in Champion Homes by 1.0% in the first quarter. Russell Investments Group Ltd. now owns 75,204 shares of the company’s stock worth $7,126,000 after acquiring an additional 722 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Champion Homes by 2.7% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company’s stock valued at $523,000 after acquiring an additional 145 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Champion Homes by 0.9% during the 1st quarter. Raymond James Financial Inc. now owns 73,939 shares of the company’s stock valued at $7,006,000 after purchasing an additional 692 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Royal Bank Of Canada upgraded Champion Homes from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $85.00 to $91.00 in a research report on Thursday, November 6th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Finally, Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.50.

Champion Homes Company Profile

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.