Key Points
- EVP Joseph Kimmell sold 1,812 shares on Nov. 24 at an average price of $82.04 for about $148,656, reducing his stake by 3.14% to 55,977 shares (roughly $4.59M).
- Quarterly beat: Champion Homes reported $1.01 EPS vs. $0.81 expected and revenue of $684.4M (up 11% YoY), with a market cap around $4.79B and a P/E of ~22.8.
- Analyst view is mixed: MarketBeat shows a consensus "Hold" with an average target of $85, though several brokers raised ratings/targets (e.g., RBC to $91, Zelman upgraded to outperform, Barclays lifted its target to $79).
Champion Homes, Inc. (NYSE:SKY - Get Free Report) EVP Joseph Kimmell sold 1,812 shares of the company's stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $82.04, for a total transaction of $148,656.48. Following the completion of the transaction, the executive vice president owned 55,977 shares in the company, valued at approximately $4,592,353.08. The trade was a 3.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Champion Homes Stock Up 4.7%
NYSE:SKY opened at $85.68 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 2.39. The firm has a market cap of $4.79 billion, a P/E ratio of 22.79 and a beta of 1.14. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $116.49. The firm has a 50-day simple moving average of $74.65 and a two-hundred day simple moving average of $71.98.
Champion Homes (NYSE:SKY - Get Free Report) 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. 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 8.50% and a return on equity of 14.35%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Champion Homes by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 698,052 shares of the company's stock valued at $66,147,000 after buying an additional 15,793 shares during the last quarter. 111 Capital purchased a new stake in shares of Champion Homes in the 2nd quarter worth $390,000. Driehaus Capital Management LLC increased its stake in shares of Champion Homes by 1.9% in the 1st quarter. Driehaus Capital Management LLC now owns 387,439 shares of the company's stock worth $36,714,000 after purchasing an additional 7,178 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Champion Homes by 3.1% in the 2nd quarter. William Blair Investment Management LLC now owns 768,166 shares of the company's stock worth $48,095,000 after purchasing an additional 22,833 shares during the period. Finally, Citigroup Inc. lifted its position in Champion Homes by 15.5% during the first quarter. Citigroup Inc. now owns 125,657 shares of the company's stock valued at $11,907,000 after purchasing an additional 16,876 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several brokerages have commented on SKY. Barclays increased their target price on Champion Homes from $74.00 to $79.00 and gave the company an "equal weight" rating in a research note on Thursday, November 6th. Zacks Research raised Champion Homes from a "strong sell" rating to a "hold" rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Champion Homes in a report 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 price target for the company from $85.00 to $91.00 in a report on Thursday, November 6th. Finally, Zelman & Associates upgraded shares of Champion Homes from a "neutral" rating to an "outperform" rating in a research note on Friday, November 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Champion Homes has a consensus rating of "Hold" and an average target price of $85.00.
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Champion Homes Company Profile
(
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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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