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

Shares of Champion Homes, Inc. (NYSE:SKY) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $100.50.

A number of analysts have weighed in on SKY shares. Royal Bank Of Canada reissued an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Finally, CJS Securities raised Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th.

Champion Homes Stock Up 4.7%

Champion Homes stock opened at $95.18 on Friday. The stock has a market cap of $5.32 billion, a PE ratio of 24.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 1.77. The stock’s fifty day moving average is $83.72 and its two-hundred day moving average is $75.06. Champion Homes has a 1-year low of $59.44 and a 1-year high of $110.00.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The business had revenue of $684.43 million during the quarter, compared to analysts’ expectations of $636.96 million. During the same period in the prior year, the firm posted $0.93 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Champion Homes will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $148,656.48. Following the transaction, the executive vice president owned 55,977 shares in the company, valued at $4,592,353.08. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the sale, the vice president owned 33,230 shares of the company’s stock, valued at approximately $2,904,634.30. This represents a 26.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,795 shares of company stock worth $1,372,603 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Champion Homes

Several institutional investors and hedge funds have recently bought and sold shares of SKY. Wellington Management Group LLP grew its position in Champion Homes by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock worth $366,619,000 after purchasing an additional 333,666 shares during the last quarter. State Street Corp grew its holdings in shares of Champion Homes by 4.0% during the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock worth $161,477,000 after buying an additional 98,659 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Champion Homes by 6.3% during the second quarter. Thrivent Financial for Lutherans now owns 2,068,870 shares of the company’s stock worth $129,532,000 after buying an additional 122,895 shares during the last quarter. American Century Companies Inc. increased its position in Champion Homes by 50.8% in the 2nd quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock valued at $121,804,000 after acquiring an additional 655,505 shares during the period. Finally, Capital Research Global Investors raised its stake in Champion Homes by 1.1% during the 3rd quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock valued at $134,593,000 after acquiring an additional 19,784 shares during 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.