Key Points
- EVP Joseph Kimmell sold 2,880 shares on March 6 at an average price of $82.25 for a total of $236,880, reducing his stake by 5.32% to 51,297 shares, according to an SEC filing.
- Champion Homes beat expectations for the quarter (EPS $0.96 vs. $0.83 est.; revenue $656.6M vs. $649.4M), reporting a net margin of 8.1% and revenue up 1.8% year-over-year.
- Shares opened at $79.97 (market cap $4.42B, P/E 21.27, 52-week range $59.44–$99.17); analysts have a consensus "Moderate Buy" rating with an average price target of $106 and Barclays at $111.
Champion Homes, Inc. (NYSE:SKY - Get Free Report) EVP Joseph Kimmell sold 2,880 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the transaction, the executive vice president owned 51,297 shares of the company's stock, valued at approximately $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Champion Homes Trading Down 3.0%
Champion Homes stock opened at $79.97 on Tuesday. The stock has a 50-day moving average price of $89.75 and a 200 day moving average price of $82.02. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 21.27 and a beta of 1.02. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01.
Champion Homes (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The company had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. During the same quarter in the prior year, the company earned $1.04 EPS. Champion Homes's quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current year.
Hedge Funds Weigh In On Champion Homes
Several institutional investors have recently made changes to their positions in SKY. Royal Bank of Canada grew its position in Champion Homes by 66.1% during the first quarter. Royal Bank of Canada now owns 10,804 shares of the company's stock valued at $1,024,000 after buying an additional 4,301 shares during the period. AQR Capital Management LLC acquired a new position in shares of Champion Homes in the first quarter worth about $294,000. Millennium Management LLC boosted its stake in shares of Champion Homes by 712.0% during the 1st quarter. Millennium Management LLC now owns 70,029 shares of the company's stock worth $6,636,000 after acquiring an additional 61,405 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Champion Homes by 29.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,922 shares of the company's stock worth $2,249,000 after acquiring an additional 8,242 shares in the last quarter. Finally, Atria Investments Inc grew its position in shares of Champion Homes by 8.4% during the 2nd quarter. Atria Investments Inc now owns 5,675 shares of the company's stock valued at $355,000 after acquiring an additional 439 shares during the period.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. CJS Securities raised shares of Champion Homes to a "strong-buy" rating in a report on Thursday, December 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Champion Homes in a report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $101.00 price target on shares of Champion Homes in a research report on Friday, January 9th. Zelman & Associates lowered Champion Homes from an "outperform" rating to a "hold" rating in a research note on Thursday, February 5th. Finally, Barclays boosted their price objective on Champion Homes from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Champion Homes has an average rating of "Moderate Buy" and an average price target of $106.00.
Check Out Our Latest Stock Report on SKY
Champion Homes Company Profile
(
Get Free Report)
Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.
The company's product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.
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