Key Points
- Director Michael Berman sold 1,500 Champion Homes shares at an average price of $93.22, totaling $139,830. His remaining stake fell 18.02% to 6,825 shares.
- Champion Homes reported quarterly EPS of $0.88, slightly above estimates, while revenue reached $710.23 million, up 1.3% year over year. The stock was trading near $94.18, close to its 12-month high.
- Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $104. Recent target increases included UBS at $115 and Barclays at $109.
Champion Homes, Inc. (NYSE:SKY - Get Free Report) Director Michael Berman sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the completion of the transaction, the director directly owned 6,825 shares of the company's stock, valued at $636,226.50. This represents a 18.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Champion Homes Trading Up 1.3%
NYSE SKY opened at $94.18 on Wednesday. The firm's 50 day moving average price is $82.83 and its two-hundred day moving average price is $80.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. Champion Homes, Inc. has a twelve month low of $63.69 and a twelve month high of $99.17. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 27.46 and a beta of 1.01.
Champion Homes (NYSE:SKY - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The business had revenue of $710.23 million during the quarter, compared to analysts' expectations of $701.98 million. During the same quarter last year, the firm posted $1.19 earnings per share. Champion Homes's revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. UBS Group raised their price target on shares of Champion Homes from $93.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Champion Homes from $92.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Champion Homes from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday. Zelman & Associates upgraded Champion Homes from a "hold" rating to an "outperform" rating in a report on Thursday, August 6th. Finally, Barclays lifted their price objective on Champion Homes from $102.00 to $109.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $104.00.
View Our Latest Analysis on Champion Homes
Institutional Investors Weigh In On Champion Homes
A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue increased its position in Champion Homes by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company's stock worth $2,666,000 after purchasing an additional 138 shares during the period. UMB Bank n.a. raised 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 worth $26,000 after purchasing an additional 138 shares during the last quarter. Assetmark Inc. lifted its position 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 period. Mackenzie Financial Corp lifted its position in Champion Homes by 4.7% during the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company's stock valued at $276,000 after purchasing an additional 161 shares during the period. Finally, Mirador Capital Partners LP boosted its stake in shares of Champion Homes by 0.3% in the 2nd quarter. Mirador Capital Partners LP now owns 51,684 shares of the company's stock valued at $4,554,000 after purchasing an additional 178 shares during the last quarter.
About Champion Homes
(
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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