Royal Bank Of Canada Cuts Champion Homes (NYSE:SKY) Price Target to $92.00

Champion Homes (NYSE:SKY) had its target price lowered by investment analysts at Royal Bank Of Canada from $101.00 to $92.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 22.44% from the stock’s current price.

SKY has been the subject of a number of other research reports. Barclays reissued an “overweight” rating and set a $94.00 price objective on shares of Champion Homes in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a report on Monday, April 20th. Finally, Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Champion Homes currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Champion Homes Trading Up 4.7%

Shares of NYSE:SKY traded up $3.35 on Wednesday, reaching $75.14. 124,801 shares of the company traded hands, compared to its average volume of 696,985. The stock has a market capitalization of $4.16 billion, a P/E ratio of 19.95 and a beta of 1.07. The business’s 50-day simple moving average is $74.76 and its 200 day simple moving average is $82.63. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. Champion Homes has a 52 week low of $59.44 and a 52 week high of $99.17.

Champion Homes (NYSE:SKY) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%. As a group, equities analysts anticipate that Champion Homes will post 3.8 EPS for the current fiscal year.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the transaction, the executive vice president owned 51,297 shares in the company, valued at $4,219,178.25. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Champion Homes

Institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 138 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Champion Homes in the 4th quarter worth about $26,000. Kestra Advisory Services LLC bought a new position in shares of Champion Homes in the 4th quarter worth about $26,000. Parallel Advisors LLC lifted its position in Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Champion Homes during the 3rd quarter valued at about $35,000.

Key Stories Impacting Champion Homes

Here are the key news stories impacting Champion Homes this week:

• Positive Sentiment: Champion Homes beat quarterly estimates, reporting adjusted EPS of $0.68 versus expectations for $0.63 and revenue of $621.3 million versus $607.4 million expected, with sales up 15.2% year over year. Article: Champion Homes Stock Gains On Earnings Beat, Strong Orders, Homes Direct Deal
• Positive Sentiment: Management highlighted record sales and strong orders, suggesting demand held up well despite a weak housing backdrop. Article: Champion Homes Earnings Call: Record Sales, Margin Squeeze
• Positive Sentiment: The company expects adjusted gross margin of 24.5% to 25.5% in Q1 FY2027 and plans to close the Homes Direct acquisition in Q2, supporting its vertical-integration strategy. Article: Champion Homes expects Q1 FY2027 adjusted gross margin…
• Neutral Sentiment: Analysts and commentators noted investors are still weighing the margin squeeze and broader outlook concerns against the strong quarterly beat. Article: Champion Homes tops quarterly estimates as investors weigh outlook concerns (SKY)
• Positive Sentiment: A rating upgrade from Seeking Alpha pointed to Champion Homes’ resilience in a weak housing market and its affordability advantage in manufactured housing. Article: Champion Homes: Successfully Withstanding Weak Housing Market (Rating Upgrade)

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.