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

Champion Homes, Inc. (NYSE:SKY) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $104.00.

Several equities analysts have issued reports on SKY shares. Citigroup started coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective on the stock. Barclays raised their target price on shares of Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, Zelman & Associates raised Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th.

Champion Homes Trading Up 0.5%

Shares of SKY stock opened at $90.44 on Friday. The company has a market capitalization of $4.91 billion, a P/E ratio of 26.37 and a beta of 1.01. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $85.46 and its two-hundred day moving average is $81.32. Champion Homes has a twelve month low of $63.69 and a twelve month high of $99.17.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The business had revenue of $710.23 million during the quarter, compared to analysts’ expectations of $701.98 million. During the same quarter in the prior year, the business earned $1.19 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that Champion Homes will post 3.4 EPS for the current year.

Insider Buying and Selling

In other Champion Homes news, Director Erin Claire Helgren sold 1,100 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the transaction, the director owned 8,196 shares in the company, valued at approximately $778,620. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 7,922 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the sale, the executive vice president directly owned 36,118 shares of the company’s stock, valued at approximately $2,734,132.60. This trade represents a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,522 shares of company stock valued at $1,147,665 over the last quarter. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Champion Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Champion Homes by 66.1% in the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock valued at $1,024,000 after buying an additional 4,301 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Champion Homes during the first quarter worth $294,000. Millennium Management LLC grew its holdings 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 during the last quarter. Hsbc Holdings PLC acquired a new stake in Champion Homes in the second quarter valued at $408,000. Finally, Invesco Ltd. increased its position in shares of Champion Homes by 150.6% in the second quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock valued at $41,016,000 after buying an additional 393,686 shares in the last quarter.

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.