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

Champion Homes, Inc. (NYSE:SKY) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $93.00.

SKY has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. UBS Group began coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. Barclays cut their price objective on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Citigroup started coverage on Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 target price for the company.

Champion Homes Stock Down 0.0%

SKY stock opened at $85.21 on Friday. The stock has a market capitalization of $4.68 billion, a P/E ratio of 23.28 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. Champion Homes has a one year low of $60.13 and a one year high of $99.17. The company has a 50 day moving average price of $76.76 and a two-hundred day moving average price of $82.01.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. The business had revenue of $621.28 million for the quarter, compared to analysts’ expectations of $607.39 million. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. As a group, sell-side analysts expect that Champion Homes will post 3.4 EPS for the current year.

Insider Transactions at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the transaction, the executive vice president owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Trading of Champion Homes

A number of institutional investors have recently made changes to their positions in SKY. UMB Bank n.a. grew 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 acquiring an additional 138 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Champion Homes in the 4th quarter worth about $26,000. Kestra Advisory Services LLC purchased a new stake in shares of Champion Homes during the 4th quarter worth about $26,000. Parallel Advisors LLC raised its stake in shares of Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Champion Homes during the 3rd quarter valued at about $35,000.

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.