Champion Homes, Inc. (NYSE:SKY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Champion Homes, Inc. (NYSE:SKY) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $93.00.

Several equities research analysts have recently weighed in on the company. Citigroup assumed coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Royal Bank Of Canada reduced their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Barclays reduced their price target on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Finally, Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total value of $303,640.00. Following the sale, the executive vice president directly owned 32,118 shares in the company, valued at approximately $2,438,077.38. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Champion Homes

Several hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake in Champion Homes by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock worth $2,666,000 after purchasing an additional 138 shares in the last quarter. UMB Bank n.a. grew its stake in Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares in the last quarter. Assetmark Inc. grew its stake in Champion Homes by 16.8% in the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 144 shares in the last quarter. Ulland Investment Advisors LLC grew its stake in Champion Homes by 0.3% in the third quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock worth $3,564,000 after purchasing an additional 155 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Champion Homes by 4.7% in the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after purchasing an additional 161 shares in the last quarter.

Champion Homes Trading Down 0.0%

Shares of SKY stock opened at $78.63 on Tuesday. Champion Homes has a 1 year low of $59.44 and a 1 year high of $99.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. The stock’s 50 day simple moving average is $74.89 and its two-hundred day simple moving average is $82.06. The company has a market cap of $4.32 billion, a PE ratio of 21.48 and a beta of 1.04.

Champion Homes (NYSE:SKY) last issued its quarterly 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 13.80% and a net margin of 7.77%. Research analysts predict that Champion Homes will post 3.4 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.