Champion Homes, Inc. (NYSE:SKY) Receives $106.00 Average Target Price from Analysts

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

A number of analysts have commented on the stock. Barclays upped their price target on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 price objective on shares of Champion Homes in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, CJS Securities raised Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th.

Champion Homes Stock Down 0.2%

Shares of NYSE SKY opened at $74.24 on Thursday. The company has a market capitalization of $4.11 billion, a P/E ratio of 19.74 and a beta of 1.11. Champion Homes has a 52-week low of $59.44 and a 52-week high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The company’s 50 day moving average price is $84.48 and its 200-day moving average price is $81.96.

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

Insider Activity

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $82.25, for a total transaction of $236,880.00. Following the transaction, the executive vice president directly owned 51,297 shares in the company, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Trading of Champion Homes

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Champion Homes by 66.1% during the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after acquiring an additional 4,301 shares in the last quarter. AQR Capital Management LLC bought a new stake in Champion Homes in the first quarter valued at $294,000. Millennium Management LLC increased its stake in Champion Homes by 712.0% in the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock valued at $6,636,000 after purchasing an additional 61,405 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Champion Homes by 262.1% during the second quarter. SG Americas Securities LLC now owns 7,217 shares of the company’s stock valued at $452,000 after purchasing an additional 5,224 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Champion Homes by 5.1% during the second quarter. Legal & General Group Plc now owns 149,708 shares of the company’s stock valued at $9,373,000 after purchasing an additional 7,262 shares during the period.

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.