Champion Homes, Inc. (NYSE:SKY - Get Free Report) EVP Joseph Kimmell sold 4,000 shares of Champion Homes stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total value of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares in the company, valued at approximately $2,438,077.38. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Champion Homes Trading Up 6.9%
SKY stock opened at $80.31 on Friday. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $99.17. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 21.94 and a beta of 1.04. The business's 50-day moving average is $74.71 and its 200 day moving average is $82.13.
Champion Homes (NYSE:SKY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. On average, sell-side analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on SKY shares. Royal Bank Of Canada lowered their price objective on Champion Homes from $101.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, May 27th. Weiss Ratings cut Champion Homes from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, May 27th. Barclays lowered their price objective on Champion Homes from $106.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, May 27th. Citigroup assumed coverage on Champion Homes in a report on Friday, June 5th. They issued a "buy" rating and a $93.00 price objective on the stock. Finally, Zacks Research cut Champion Homes from a "hold" rating to a "strong sell" rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $93.00.
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its holdings in shares of Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company's stock worth $29,000 after purchasing an additional 341 shares during the last quarter. Argent Capital Management LLC boosted its holdings in shares of Champion Homes by 40.7% during the 1st quarter. Argent Capital Management LLC now owns 24,164 shares of the company's stock worth $1,797,000 after purchasing an additional 6,994 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Champion Homes by 8.9% during the 1st quarter. Bank of America Corp DE now owns 577,007 shares of the company's stock worth $42,912,000 after purchasing an additional 47,140 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Champion Homes by 42.5% during the 1st quarter. Janus Henderson Group PLC now owns 146,528 shares of the company's stock worth $10,901,000 after purchasing an additional 43,678 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Champion Homes by 5.1% during the 1st quarter. Arkadios Wealth Advisors now owns 7,103 shares of the company's stock worth $528,000 after purchasing an additional 345 shares during the last quarter.
Champion Homes Company Profile
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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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