Champion Homes (NYSE:SKY) Director Sells $104,500.00 in Stock

Key Points

• Director Erin Claire Helgren sold 1,100 Champion Homes shares at an average price of $95, generating $104,500 and reducing her direct ownership by 11.83% to 8,196 shares.
• SKY shares fell 2.3% to $92.44 in mid-day trading, though the stock remains near its 12-month high of $99.17 and has a market capitalization of approximately $5.02 billion.
• Champion Homes slightly exceeded quarterly expectations, reporting $0.88 in EPS versus $0.87 expected and $710.23 million in revenue versus $701.98 million estimated. Analysts maintain a “Moderate Buy” consensus with an average price target of $104.

Champion Homes, Inc. (NYSE:SKY - Get Free Report) Director Erin Claire Helgren sold 1,100 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the sale, the director directly owned 8,196 shares of the company's stock, valued at approximately $778,620. This trade represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Champion Homes Trading Down 2.3%

Shares of NYSE:SKY traded down $2.22 during mid-day trading on Monday, reaching $92.44. The stock had a trading volume of 689,256 shares, compared to its average volume of 721,702. The firm has a 50 day simple moving average of $81.99 and a two-hundred day simple moving average of $80.98. Champion Homes, Inc. has a twelve month low of $63.69 and a twelve month high of $99.17. The firm has a market cap of $5.02 billion, a PE ratio of 26.95 and a beta of 1.01. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

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, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $710.23 million during the quarter, compared to the consensus estimate of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. On average, research analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on SKY shares. Zacks Research raised Champion Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. Citigroup assumed coverage on Champion Homes in a report on Friday, June 5th. They issued a "buy" rating and a $93.00 price target for the company. Weiss Ratings raised Champion Homes from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday. Royal Bank Of Canada lifted their price objective on Champion Homes from $92.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Zelman & Associates upgraded Champion Homes from a "hold" rating to an "outperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.00.

Institutional Investors Weigh In On Champion Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in SKY. Robotti Robert bought a new position in Champion Homes during the 2nd quarter worth about $7,983,000. Meeder Asset Management Inc. bought a new stake in shares of Champion Homes in the second quarter valued at about $489,000. BlackRock Inc. bought a new stake in shares of Champion Homes in the second quarter valued at about $794,354,000. Deutsche Bank AG acquired a new position in shares of Champion Homes during the second quarter worth about $5,322,000. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Champion Homes during the second quarter worth about $2,881,000.

Champion Homes Company Profile

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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