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

Shares of Champion Homes, Inc. (NYSE:SKY) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $95.50.

Several brokerages recently weighed in on SKY. CJS Securities raised Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays upgraded shares of Champion Homes from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $79.00 to $100.00 in a research note on Monday, December 8th. Zelman & Associates raised shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th.

Insider Buying and Selling at Champion Homes

In related news, EVP Joseph A. Kimmell sold 1,812 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $82.04, for a total transaction of $148,656.48. Following the sale, the executive vice president directly owned 55,977 shares of the company’s stock, valued at approximately $4,592,353.08. This represents a 3.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the sale, the vice president owned 33,230 shares of the company’s stock, valued at approximately $2,904,634.30. This represents a 26.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,795 shares of company stock valued at $1,372,603 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Champion Homes

Institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in shares of Champion Homes by 257.4% during the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Champion Homes during the 3rd quarter valued at $30,000. Advisory Services Network LLC bought a new stake in shares of Champion Homes in the 3rd quarter worth $35,000. AdvisorNet Financial Inc bought a new stake in shares of Champion Homes in the 3rd quarter worth $50,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Champion Homes by 10,171.4% in the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after purchasing an additional 712 shares during the last quarter.

Champion Homes Stock Performance

Shares of SKY opened at $85.60 on Tuesday. The company has a 50-day simple moving average of $79.76 and a two-hundred day simple moving average of $72.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 1.77. The firm has a market capitalization of $4.78 billion, a PE ratio of 22.23 and a beta of 1.06. Champion Homes has a one year low of $59.44 and a one year high of $110.00.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The firm had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. On average, analysts anticipate that Champion Homes will post 3.63 EPS for the current fiscal year.

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.