Insider Selling: Champion Homes (NYSE:SKY) VP Sells $1,064,916.03 in Stock

Champion Homes, Inc. (NYSE:SKY) VP Timothy Burkhardt sold 12,183 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following the transaction, the vice president owned 33,230 shares of the company’s stock, valued at $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Champion Homes Stock Performance

Shares of SKY stock opened at $87.08 on Friday. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $110.00. The company’s 50-day moving average is $78.93 and its 200 day moving average is $72.48. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 22.62 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 (NYSE:SKY) last issued its earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.20. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. The business had revenue of $684.43 million during the quarter, compared to analysts’ expectations of $636.96 million. During the same period in the previous year, the company earned $0.93 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Institutional Trading of Champion Homes

Large investors have recently modified their holdings of the company. Kovitz Investment Group Partners LLC raised its stake in shares of Champion Homes by 2.7% during the first 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 in the last quarter. Ulland Investment Advisors LLC increased its holdings in Champion Homes by 0.3% during the 3rd quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock worth $3,564,000 after purchasing an additional 155 shares during the period. CWM LLC increased its holdings in Champion Homes by 7.0% during the 3rd quarter. CWM LLC now owns 2,410 shares of the company’s stock worth $184,000 after purchasing an additional 157 shares during the period. Mackenzie Financial Corp raised its position in Champion Homes by 4.7% during the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after purchasing an additional 161 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Champion Homes by 5.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock valued at $220,000 after purchasing an additional 183 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays raised Champion Homes from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $79.00 to $100.00 in a research report on Monday, December 8th. Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed 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 lifted their price objective for the stock from $85.00 to $91.00 in a report on Thursday, November 6th. Finally, Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Champion Homes presently has a consensus rating of “Moderate Buy” and a consensus 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.