Key Points
- Director Erin Claire Helgren sold 1,100 Champion Homes shares for $104,500 at an average price of $95, reducing her direct ownership by 11.83% to 8,196 shares.
- Champion Homes exceeded quarterly expectations, reporting $0.88 EPS versus the $0.87 consensus and revenue of $710.23 million, up 1.3% year over year.
- Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $104 target price; recent targets range as high as $115.
Champion Homes, Inc. (NYSE:SKY - Get Free Report) Director Erin Claire Helgren sold 1,100 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $104,500.00. Following the completion of the sale, the director directly owned 8,196 shares of the company's stock, valued at $778,620. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Champion Homes Price Performance
Shares of NYSE:SKY opened at $92.44 on Tuesday. The company has a market capitalization of $5.02 billion, a P/E ratio of 26.95 and a beta of 1.01. Champion Homes, Inc. has a 1-year low of $63.69 and a 1-year high of $99.17. The firm's 50 day simple moving average is $82.41 and its two-hundred day simple moving average is $80.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97.
Champion Homes (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.01. The firm had revenue of $710.23 million during the quarter, compared to analysts' expectations of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. Research analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SKY has been the topic of several research analyst reports. Citigroup began coverage on Champion Homes in a research report on Friday, June 5th. They issued a "buy" rating and a $93.00 price objective on the stock. Barclays increased their target price on Champion Homes from $102.00 to $109.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group lifted their target price on Champion Homes from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday. Zacks Research upgraded Champion Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Zelman & Associates raised shares of Champion Homes from a "hold" rating to an "outperform" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.00.
Check Out Our Latest Stock Report on Champion Homes
Institutional Trading of Champion Homes
A number of large investors have recently added to or reduced their stakes in SKY. State of Alaska Department of Revenue lifted its holdings in shares of Champion Homes by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company's stock worth $2,666,000 after acquiring an additional 138 shares during the last quarter. UMB Bank n.a. grew its holdings in Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company's stock valued at $26,000 after purchasing an additional 138 shares during the last quarter. Assetmark Inc. grew its holdings in Champion Homes by 16.8% during the 1st quarter. Assetmark Inc. now owns 1,000 shares of the company's stock valued at $74,000 after purchasing an additional 144 shares during the last quarter. Mackenzie Financial Corp raised its position in Champion Homes by 4.7% in the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company's stock worth $276,000 after purchasing an additional 161 shares during the period. Finally, Mirador Capital Partners LP raised its position in Champion Homes by 0.3% in the 2nd quarter. Mirador Capital Partners LP now owns 51,684 shares of the company's stock worth $4,554,000 after purchasing an additional 178 shares during the period.
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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