Key Points
- EVP Joseph Kimmell sold 1,800 shares on December 11 at an average price of $88.35 for $159,030, trimming his stake by 3.22% to 54,177 shares.
- Champion Homes beat expectations with Q results of $1.01 EPS vs. $0.81 expected and revenue of $684.4M (up 11% YoY); the company has a market cap of $4.88B and a P/E of 22.68.
- Analyst momentum has been positive recently (upgrades from Zelman, Barclays and CJS among others), with a consensus target price of $95.50 and an average rating of "Moderate Buy."
Champion Homes, Inc. (NYSE:SKY - Get Free Report) EVP Joseph Kimmell sold 1,800 shares of the company's stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total transaction of $159,030.00. Following the completion of the transaction, the executive vice president directly owned 54,177 shares of the company's stock, valued at $4,786,537.95. This represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Champion Homes Price Performance
Shares of Champion Homes stock opened at $87.33 on Tuesday. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.68 and a beta of 1.06. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. The stock's 50-day simple moving average is $77.69 and its 200-day simple moving average is $72.13. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $110.00.
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, beating the consensus estimate of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The company had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. During the same quarter last year, the company earned $0.93 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. As a group, analysts expect that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Zelman & Associates raised shares of Champion Homes from a "neutral" rating to an "outperform" rating in a report on Friday, November 7th. Zacks Research upgraded shares of Champion Homes from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 4th. CJS Securities upgraded Champion Homes to a "strong-buy" rating in a research report on Thursday, December 11th. Barclays raised Champion Homes from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $79.00 to $100.00 in a report on Monday, December 8th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Champion Homes in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.50.
Check Out Our Latest Report on SKY
Institutional Trading of Champion Homes
Large investors have recently made changes to their positions in the business. 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% during the first quarter. Driehaus Capital Management LLC now owns 387,439 shares of the company's stock valued at $36,714,000 after buying an additional 7,178 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Champion Homes by 3.1% in the second quarter. William Blair Investment Management LLC now owns 768,166 shares of the company's stock valued at $48,095,000 after acquiring an additional 22,833 shares in the last quarter. Third Avenue Management LLC purchased a new stake in Champion Homes in the second quarter worth about $3,748,000. Finally, Nordea Investment Management AB grew its holdings in Champion Homes by 26.8% during the 2nd quarter. Nordea Investment Management AB now owns 117,824 shares of the company's stock worth $7,362,000 after acquiring an additional 24,879 shares in the last quarter.
About Champion Homes
(
Get Free Report)
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.
Further Reading
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