Jonathan Lyall, Executive Vice President of Sales and Business Development at Champion Homes Inc (NYSE:SKY), sold 10,000 shares of the company’s stock on August 23, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 36,082 shares of Champion Homes Inc.
Champion Homes Inc. specializes in the manufacturing of manufactured homes and prefab homes and offers a variety of products to meet the housing needs of different markets.
Over the past year, Jonathan Lyall has sold a total of 22,448 shares and purchased no shares. This recent sale is part of a broader trend seen within the company. Over the past year, there have been 16 insider sales and no insider purchases.
On the day of the sale, Champion Homes Inc.’s stock price was $89.9. The company’s market capitalization was approximately $5.30 billion. The company’s price-to-earnings ratio is 37.69, well above the industry median of 12.715 and the company’s historical median.
According to GF Value, an estimate of intrinsic value used to determine fair price of stocks, Champion Homes Inc. is currently significantly overvalued. The GF Value of $60.87 indicates a Price to GF Value ratio of 1.48, which means the stock’s current price is above its estimated fair value.
This valuation insight, combined with the insider selling trend, could be of interest to current and prospective investors to assess the current market position and future movements of the stock.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
