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

Champion Homes, Inc. (NYSE:SKY) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $95.00.

SKY has been the subject of several 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. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Barclays raised their target price on shares of Champion Homes from $94.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Royal Bank Of Canada dropped their price target on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Finally, Citigroup initiated coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price target on the stock.

Champion Homes Price Performance

NYSE:SKY opened at $83.41 on Wednesday. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 22.79 and a beta of 1.00. 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 business has a 50 day simple moving average of $79.84 and a 200-day simple moving average of $81.54. Champion Homes has a 1 year low of $60.13 and a 1 year high of $99.17.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%.The firm had revenue of $621.28 million for the quarter, compared to the consensus estimate of $607.39 million. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts forecast that Champion Homes will post 3.4 EPS for the current year.

Insider Activity

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the sale, the executive vice president owned 36,118 shares in the company, valued at $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised 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 valued at $26,000 after purchasing an additional 138 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Champion Homes during the fourth quarter valued at approximately $26,000. Kestra Advisory Services LLC bought a new position in shares of Champion Homes during the fourth quarter valued at approximately $26,000. Parallel Advisors LLC increased its holdings in Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Champion Homes during the third quarter valued at approximately $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.