Key Points
- Insider sale: VP Timothy Burkhardt sold 12,183 shares on Dec. 12 at an average price of $87.41 for about $1.065 million, leaving him with 33,230 shares (a 26.83% reduction in his position).
- Financials and sentiment: Skyline Champion reported an earnings beat (Q EPS $1.01 vs. $0.81 est., revenue $684.4M, +11% YoY), the company has a $4.81B market cap and a consensus rating of "Moderate Buy" with an average price target of $95.50.
Champion Homes, Inc. (NYSE:SKY - Get Free Report) VP Timothy Burkhardt sold 12,183 shares of the firm's stock in a transaction on Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the transaction, the vice president owned 33,230 shares of the company's stock, valued at $2,904,634.30. This trade represents a 26.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Champion Homes Stock Down 1.3%
Champion Homes stock opened at $86.15 on Wednesday. The business's 50-day simple moving average is $78.09 and its two-hundred day simple moving average is $72.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.77 and a current ratio of 2.60. The company has a market cap of $4.81 billion, a PE ratio of 22.38 and a beta of 1.06. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $110.00.
Champion Homes (NYSE:SKY - Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.20. The firm had revenue of $684.43 million during the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The company's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Equities analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have commented on SKY. Zacks Research upgraded shares of Champion Homes from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 4th. Weiss Ratings restated a "hold (c)" rating on shares of Champion Homes in a research report on Wednesday, October 8th. CJS Securities raised Champion Homes to a "strong-buy" rating in a research report on Thursday, December 11th. Royal Bank Of Canada upgraded Champion Homes from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $85.00 to $91.00 in a research note on Thursday, November 6th. Finally, Zelman & Associates upgraded Champion Homes from a "neutral" rating to an "outperform" rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Champion Homes has a consensus rating of "Moderate Buy" and an average price target of $95.50.
Read Our Latest Research Report on Champion Homes
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Champion Homes during the 1st quarter worth about $13,736,000. HighTower Advisors LLC raised its holdings in Champion Homes by 27.7% in the 1st quarter. HighTower Advisors LLC now owns 6,408 shares of the company's stock worth $607,000 after purchasing an additional 1,389 shares during the period. Russell Investments Group Ltd. boosted its position in Champion Homes by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 75,204 shares of the company's stock worth $7,126,000 after purchasing an additional 722 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Champion Homes by 2.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company's stock valued at $523,000 after purchasing an additional 145 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Champion Homes by 0.9% in the first 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 during the period.
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.
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