Michael Berman Sells 1,500 Shares of Champion Homes (NYSE:SKY) Stock

Champion Homes, Inc. (NYSE:SKY) Director Michael Berman sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $93.22, for a total value 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 trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Champion Homes Stock Down 0.7%

SKY stock opened at $93.54 on Thursday. 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, Inc. has a twelve month low of $63.69 and a twelve month high of $99.17. The company’s 50 day moving average is $83.25 and its two-hundred day moving average is $80.96. The stock has a market cap of $5.08 billion, a P/E ratio of 27.27 and a beta of 1.01.

Champion Homes (NYSE:SKY) last issued its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The business 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.19 EPS. Research analysts expect that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Institutional Trading of Champion Homes

Large investors have recently bought and sold shares of the business. Commerce Bank purchased a new position in Champion Homes during the 2nd quarter worth $728,000. William Blair Investment Management LLC purchased a new stake in shares of Champion Homes in the second quarter valued at about $35,030,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Champion Homes in the second quarter valued at about $5,466,000. Robotti Robert purchased a new stake in shares of Champion Homes in the second quarter valued at about $7,983,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Champion Homes during the second quarter worth about $489,000.

Wall Street Analyst Weigh In

SKY has been the subject of several research analyst reports. Citigroup initiated coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. Barclays lifted 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, August 6th. Zelman & Associates raised Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. UBS Group upped their target price on Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. One equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.