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

Champion Homes, Inc. (NYSE:SKY) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $106.00.

A number of equities analysts have recently issued reports on the company. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price target on shares of Champion Homes in a research note on Friday, January 9th. Finally, Zelman & Associates downgraded shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,812 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $82.04, for a total value of $148,656.48. Following the sale, the executive vice president owned 55,977 shares of the company’s stock, valued at $4,592,353.08. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the transaction, the vice president directly owned 33,230 shares of the company’s stock, valued at approximately $2,904,634.30. This trade represents a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,795 shares of company stock valued at $1,372,603. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Champion Homes

A number of hedge funds and other institutional investors have recently modified their holdings of SKY. Parkside Financial Bank & Trust increased its holdings in shares of Champion Homes by 257.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after buying an additional 278 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in Champion Homes during the third quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in Champion Homes during the third quarter worth about $35,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Champion Homes by 10,171.4% in the 2nd 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 period. Finally, AdvisorNet Financial Inc purchased a new position in shares of Champion Homes in the 3rd quarter worth about $50,000.

Champion Homes Stock Up 0.2%

Shares of NYSE:SKY opened at $83.62 on Wednesday. Champion Homes has a fifty-two week low of $59.44 and a fifty-two week high of $110.00. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $87.26 and its 200-day simple moving average is $78.51. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 22.24 and a beta of 1.09.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The firm had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $649.40 million. During the same period in the prior year, the company posted $1.04 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that Champion Homes will post 3.63 earnings per share for the current 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.