Champion Homes, Inc. (NYSE:SKY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Champion Homes, Inc. (NYSE:SKY) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $104.00.

A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings raised shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Barclays raised their target price on shares of Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. UBS Group upped their price target on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Citigroup assumed coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price target for the company.

Insider Activity

In other news, Director Michael B. Berman sold 1,500 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the sale, the director directly owned 6,825 shares in the company, valued at approximately $636,226.50. The trade was a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Erin Helgren sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the transaction, the director directly owned 8,196 shares of the company’s stock, valued at $778,620. This represents a 11.83% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Champion Homes

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Champion Homes in the 2nd quarter valued at approximately $794,354,000. Wasatch Advisors LP grew its stake in shares of Champion Homes by 0.4% in the second quarter. Wasatch Advisors LP now owns 2,747,516 shares of the company’s stock worth $242,111,000 after purchasing an additional 10,749 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Champion Homes by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock valued at $129,111,000 after purchasing an additional 80,531 shares during the period. William Blair Investment Management LLC raised its position in Champion Homes by 1.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,020,700 shares of the company’s stock worth $86,249,000 after purchasing an additional 15,497 shares during the last quarter. Finally, Bamco Inc. NY bought a new position in Champion Homes during the 4th quarter worth $61,308,000.

Champion Homes Stock Performance

Shares of NYSE:SKY opened at $85.50 on Thursday. The company’s 50 day simple moving average is $86.89 and its 200 day simple moving average is $80.67. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 24.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97. Champion Homes has a 1 year low of $63.69 and a 1 year high of $99.17.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.Champion Homes’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. As a group, research analysts predict that Champion Homes will post 3.4 EPS for the current fiscal year.

Champion Homes Company Profile

Champion Homes, Inc, formerly known as Skyline Champion Corporation, designs and manufactures factory-built housing for residential, commercial and specialized applications. Its portfolio includes manufactured homes, modular homes, park model homes, accessory dwelling units and other prefabricated structures, offered through a range of brands and configurations.

The company sells its products through independent and company-owned retailers, builders and developers, serving customers across the United States and parts of Canada.