Champion Homes, Inc. (NYSE:SKY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Champion Homes, Inc. (NYSE:SKY) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $93.00.

Several research firms recently weighed in on SKY. Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada cut their price objective on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Barclays reduced their price objective on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Citigroup assumed coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. Finally, Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th.

Champion Homes Price Performance

Champion Homes stock traded down $1.68 during mid-day trading on Friday, hitting $81.29. 646,947 shares of the company were exchanged, compared to its average volume of 797,447. The company has a market capitalization of $4.46 billion, a PE ratio of 22.21 and a beta of 1.00. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $76.98 and a 200 day moving average of $81.84. Champion Homes has a 1-year low of $60.13 and a 1-year high of $99.17.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%.The firm had revenue of $621.28 million during the quarter, compared to the consensus estimate of $607.39 million. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect that Champion Homes will post 3.4 earnings per share for the current year.

Insider Activity

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the transaction, the executive vice president directly owned 32,118 shares of the company’s stock, valued at $2,438,077.38. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Champion Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in SKY. State of Alaska Department of Revenue lifted its stake in Champion Homes by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock worth $2,666,000 after purchasing an additional 138 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after acquiring an additional 138 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Champion Homes by 16.8% in the 1st quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 144 shares in the last quarter. Ulland Investment Advisors LLC boosted its stake in shares of Champion Homes by 0.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock valued at $3,564,000 after purchasing an additional 155 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Champion Homes by 4.7% during the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after purchasing an additional 161 shares during the last quarter.

Champion Homes Company Profile

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.