Champion Homes, Inc. (NYSE:SKY – Get Free Report) shares were down 7.1% during mid-day trading on Wednesday. The stock traded as low as $80.28 and last traded at $79.78. Approximately 298,409 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 686,687 shares. The stock had previously closed at $85.89.
Analysts Set New Price Targets
Several research firms recently issued reports on SKY. Royal Bank Of Canada upped their target price on Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Zelman & Associates raised Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. Finally, Oppenheimer began coverage on Champion Homes in a research note on Wednesday, September 30th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Champion Homes presently has a consensus rating of “Moderate Buy” and an average price target of $104.00.
View Our Latest Stock Analysis on Champion Homes
Champion Homes Price Performance
Champion Homes (NYSE:SKY – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. Research analysts forecast that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.
Insider Buying and Selling at Champion Homes
In other Champion Homes news, Director Michael B. Berman sold 1,500 shares of Champion Homes stock in a transaction dated 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 sale, the director owned 6,825 shares in the company, valued at $636,226.50. The trade was a 18.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Erin Helgren sold 1,100 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Champion Homes
Large investors have recently added to or reduced their stakes in the stock. Congress Asset Management Co. grew its holdings in shares of Champion Homes by 0.8% during the 3rd quarter. Congress Asset Management Co. now owns 1,222,557 shares of the company’s stock worth $104,773,000 after purchasing an additional 9,597 shares in the last quarter. Versant Capital Management Inc lifted its position in Champion Homes by 80.3% during the third quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $46,000 after purchasing an additional 241 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Champion Homes during the second quarter worth about $209,000. Tidal Investments LLC grew its stake in Champion Homes by 0.8% during the second quarter. Tidal Investments LLC now owns 187,847 shares of the company’s stock worth $16,553,000 after buying an additional 1,421 shares in the last quarter. Finally, Nykredit A S bought a new position in Champion Homes in the 2nd quarter valued at about $196,000.
Champion Homes Company Profile
Champion Homes, Inc (NYSE:SKY) is a manufacturer of factory-built housing in North America. The company designs and produces manufactured and modular homes, along with park model recreational vehicles and other off-site construction products. Its homes are sold through independent and company-owned retailers, developers, and other housing channels.
The company’s products serve a range of residential needs, including affordable single-family housing, workforce housing, multifamily developments, accessory dwelling units, and disaster-recovery housing.
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