Have Champion Homes Insiders Been Selling Stock?

Some Champion Homes, Inc. (NYSE:SKY) shareholders may be a little concerned to see that the Executive Vice President of Operations, Joseph Kimmell, recently sold a substantial US$600k worth of stock at a price of US$75.70 per share. That's a big disposal, and it decreased their holding size by 18%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Champion Homes

In fact, the recent sale by Joseph Kimmell was the biggest sale of Champion Homes shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$75.13. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Joseph Kimmell sold a total of 18.41k shares over the year at an average price of US$76.44. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Champion Homes

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Champion Homes

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Champion Homes insiders own about US$66m worth of shares. That equates to 1.5% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Champion Homes Insider Transactions Indicate?

An insider hasn't bought Champion Homes stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But since Champion Homes is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 1 warning sign with Champion Homes and understanding this should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.