Insider Selling: Champion Homes (NYSE:SKY) EVP Sells 2,880 Shares of Stock

Key Points

• EVP Joseph Kimmell sold 2,880 shares at an average price of $82.25 on March 6 for $236,880, trimming his stake by 5.32% to 51,297 shares (about $4.22M).
• Shares dipped to $79.97 on Monday on elevated volume (976,875 vs. avg 793,864) and trade near the 200‑day moving average ($81.96) within a 52‑week range of $59.44–$99.17.
• Champion Homes beat Q4 estimates (EPS $0.96 vs. $0.83; revenue $656.6M vs. $649.4M) and carries a consensus analyst rating of "Moderate Buy" with a $106 target, while Barclays lifted its target to $111.

Champion Homes, Inc. (NYSE:SKY - Get Free Report) EVP Joseph Kimmell sold 2,880 shares of the company's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the transaction, the executive vice president owned 51,297 shares in the company, valued at $4,219,178.25. This represents a 5.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Champion Homes Stock Performance

Shares of NYSE SKY traded down $2.46 during trading on Monday, reaching $79.97. 976,875 shares of the company traded hands, compared to its average volume of 793,864. The firm has a 50 day simple moving average of $89.86 and a 200-day simple moving average of $81.96. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $99.17. The stock has a market capitalization of $4.42 billion, a PE ratio of 21.27 and a beta of 1.02. 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 data on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates 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 firm earned $1.04 earnings per share. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Institutional Investors Weigh In On Champion Homes

A number of institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC purchased a new position in shares of Champion Homes in the fourth quarter worth $216,000. Invesco Ltd. grew its stake in Champion Homes by 35.4% during the fourth quarter. Invesco Ltd. now owns 931,016 shares of the company's stock valued at $78,671,000 after acquiring an additional 243,614 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Champion Homes in the 4th quarter valued at $90,282,000. Empowered Funds LLC increased its holdings in Champion Homes by 22.7% in the 4th quarter. Empowered Funds LLC now owns 8,614 shares of the company's stock valued at $728,000 after acquiring an additional 1,592 shares during the last quarter. Finally, Susquehanna Portfolio Strategies LLC purchased a new stake in Champion Homes in the 4th quarter worth $8,569,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SKY. Barclays upped their price target on shares of Champion Homes from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. Zelman & Associates cut shares of Champion Homes from an "outperform" rating to a "hold" rating in a research note on Thursday, February 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. CJS Securities upgraded Champion Homes to a "strong-buy" rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Champion Homes in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Champion Homes currently has an average rating of "Moderate Buy" and a consensus target price of $106.00.

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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