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

Shares of Champion Homes, Inc. (NYSE:SKY) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $106.00.

Several equities analysts have recently weighed in on SKY shares. Barclays raised their price objective on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 price objective on shares of Champion Homes in a report on Friday, January 9th.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 1,812 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $82.04, for a total value of $148,656.48. Following the completion of the sale, the executive vice president directly owned 55,977 shares of the company’s stock, valued at $4,592,353.08. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the transaction, the vice president directly owned 33,230 shares in the company, valued at $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,795 shares of company stock worth $1,372,603 over the last 90 days. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SKY. Marshall Wace LLP boosted its holdings in shares of Champion Homes by 1,149.3% in the 3rd quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock valued at $106,738,000 after purchasing an additional 1,285,768 shares in the last quarter. American Century Companies Inc. boosted its stake in Champion Homes by 50.8% in the second quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock valued at $121,804,000 after buying an additional 655,505 shares in the last quarter. Norges Bank bought a new position in Champion Homes in the second quarter valued at about $40,360,000. Invesco Ltd. grew its position in 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 acquiring an additional 393,686 shares during the last quarter. Finally, Wasatch Advisors LP raised its stake in Champion Homes by 48.0% during the third quarter. Wasatch Advisors LP now owns 1,148,641 shares of the company’s stock worth $87,722,000 after acquiring an additional 372,548 shares in the last quarter.

Champion Homes Price Performance

Shares of SKY opened at $89.89 on Wednesday. The company has a 50 day moving average of $87.38 and a 200-day moving average of $78.84. 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 stock has a market capitalization of $4.97 billion, a P/E ratio of 23.91 and a beta of 1.09. Champion Homes has a twelve month low of $59.44 and a twelve month high of $110.00.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share 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 business had revenue of $656.61 million during the quarter, compared to the consensus estimate of $649.40 million. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Champion Homes will post 3.63 EPS for the current fiscal year.

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.