Brokerages Set Champion Homes, Inc. (NYSE:SKY) PT at $103.50

Shares of Champion Homes, Inc. (NYSE:SKY) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $103.50.

Several equities research analysts recently commented on SKY shares. Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Barclays cut their price target on Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Monday, April 20th.

Champion Homes Stock Performance

NYSE SKY opened at $82.01 on Monday. The company has a market cap of $4.54 billion, a PE ratio of 21.81 and a beta of 1.11. The stock’s 50 day simple moving average is $81.80 and its 200-day simple moving average is $82.52. 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 2.71 and a quick ratio of 1.89.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.83 by $0.13. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The firm had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $649.40 million. During the same quarter last year, the firm earned $1.04 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Champion Homes will post 3.8 EPS for the current fiscal year.

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 2,880 shares of the 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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 made changes to their positions in SKY. Strs Ohio increased its stake in Champion Homes by 10.3% during the first quarter. Strs Ohio now owns 4,300 shares of the company’s stock worth $320,000 after acquiring an additional 400 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in Champion Homes by 0.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 316,018 shares of the company’s stock worth $23,502,000 after acquiring an additional 1,310 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Champion Homes by 20.8% during the first quarter. Pictet Asset Management Holding SA now owns 8,922 shares of the company’s stock worth $664,000 after acquiring an additional 1,538 shares during the last quarter. Wasatch Advisors LP increased its stake in Champion Homes by 221.3% during the first quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock worth $203,533,000 after acquiring an additional 1,885,046 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Champion Homes during the first quarter worth $1,822,000.

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.