Champion Homes Inc (NYSE: SKY) is 28.27% higher on its value in year-to-date trading and has touched a low of $64.82 and a high of $116.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SKY stock was last observed hovering at around $100.98 in the last trading session, with the day’s loss setting it -5.73%.
Currently trading at $95.25, the stock is -8.18% and -2.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -5.67% at the moment leaves the stock 12.37% off its SMA200. SKY registered 32.25% gain for a year compared to 6-month gain of 32.68%. The firm has a 50-day simple moving average (SMA 50) of $97.7966 and a 200-day simple moving average (SMA200) of $84.69565.
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The stock witnessed a -1.59% loss in the last 1 month and extending the period to 3 months gives it a -0.42%, and is -12.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.05% over the week and 3.25% over the month.
Champion Homes Inc (SKY) has around 8600 employees, a market worth around $5.47B and $2.34B in sales. Current P/E ratio is 36.91 and Fwd P/E is 23.77. Profit margin for the company is 6.42%. Distance from 52-week low is 46.94% and -18.23% from its 52-week high. The company has generated returns on investments over the last 12 months (9.91%).
The EPS is expected to grow by 7.35% this year
412.0 institutions hold shares in Champion Homes Inc (SKY), with institutional investors hold 102.86% of the company’s shares. The shares outstanding are 57.40M, and float is at 55.94M with Short Float at 1.72%. Institutions hold 101.28% of the Float.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 7.85 million shares valued at $531.7 million. The investor’s holdings represent 13.7708 of the SKY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.11 million shares valued at $346.16 million to account for 8.9653 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.36 million shares representing 7.6529 and valued at over $295.49 million, while CAPITAL WORLD INVESTORS holds 5.3515 of the shares totaling 3.05 million with a market value of $206.62 million.
Champion Homes Inc (SKY) Insider Activity
The most recent transaction is an insider sale by Yost Mark J., the company’s CEO & President. SEC filings show that Yost Mark J. sold 15,000 shares of the company’s common stock on Sep 10 ’24 at a price of $87.10 per share for a total of $1.31 million. Following the sale, the insider now owns 0.21 million shares.
Champion Homes Inc disclosed in a document filed with the SEC on Sep 11 ’24 that Yost Mark J. (CEO & President) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $85.97 per share for $1.29 million. Following the transaction, the insider now directly holds 0.2 million shares of the SKY stock.
Still, SEC filings show that on Sep 10 ’24, Yost Mark J. (Officer) Proposed Sale 30,000 shares at an average price of $87.44 for $2.62 million. The insider now directly holds shares of Champion Homes Inc (SKY).
