Champion Homes, Inc. (NYSE:SKY) Receives $103.50 Average Price Target from Brokerages

Champion Homes, Inc. (NYSE:SKY) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $103.50.

SKY has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Barclays reduced their target price on Champion Homes from $111.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Monday.

Champion Homes Trading Up 0.9%

NYSE:SKY opened at $82.01 on Monday. 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 business’s 50 day moving average is $81.80 and its two-hundred day moving average is $82.29. Champion Homes has a 52 week low of $59.44 and a 52 week high of $99.17. The company has a market cap of $4.54 billion, a PE ratio of 21.81 and a beta of 1.11.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The company had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. During the same quarter last year, the business posted $1.04 EPS. Champion Homes’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Champion Homes will post 3.8 EPS for the current year.

Insider Activity

In related 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 sale, the executive vice president owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Champion Homes

Several hedge funds have recently made changes to their positions in SKY. UMB Bank n.a. lifted its holdings in shares of Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Champion Homes in the 4th quarter worth approximately $26,000. Kestra Advisory Services LLC bought a new stake in shares of Champion Homes in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust lifted its holdings in shares of Champion Homes by 257.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after purchasing an additional 278 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of Champion Homes in the 3rd quarter worth approximately $30,000.

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.