Brokerages Set Champion Homes, Inc. (NYSE:SKY) Price Target at $95.00

Champion Homes, Inc. (NYSE:SKY) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $95.00.

A number of research firms recently commented on SKY. Royal Bank Of Canada dropped their price objective on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. 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 target price for the company. UBS Group initiated coverage on shares of Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 target price for the company. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Weiss Ratings cut shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $75.70, for a total transaction of $599,695.40. Following the completion of the transaction, the executive vice president owned 36,118 shares of the company’s stock, valued at $2,734,132.60. The trade was a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Champion Homes

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of Champion Homes by 66.1% during the 1st quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after purchasing an additional 4,301 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Champion Homes in the 1st quarter valued at approximately $294,000. Millennium Management LLC grew its holdings in Champion Homes by 712.0% in the 1st quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock valued at $6,636,000 after buying an additional 61,405 shares during the last quarter. Hsbc Holdings PLC bought a new position in Champion Homes in the 2nd quarter worth approximately $408,000. Finally, Invesco Ltd. increased its position in Champion Homes by 150.6% in the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock worth $41,016,000 after buying an additional 393,686 shares during the period.

Champion Homes Price Performance

SKY opened at $82.55 on Wednesday. The stock has a fifty day moving average price of $80.85 and a 200 day moving average price of $81.07. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. Champion Homes has a 1 year low of $63.69 and a 1 year high of $99.17. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 22.55 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 for the quarter, missing the consensus estimate of $0.89 by ($0.01). Champion Homes had a return on equity of 13.80% and a net margin of 7.77%.The firm had revenue of $710.23 million during the quarter, compared to analyst estimates of $701.98 million. During the same period in the previous year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts forecast that Champion Homes will post 3.4 EPS for the current fiscal year.

About Champion Homes

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.