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

Champion Homes, Inc. (NYSE:SKY) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $106.00.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a research note on Friday, January 9th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Finally, Barclays lifted their price target on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th.

Insider Buying and Selling at Champion Homes

In other news, VP Timothy A. Burkhardt sold 12,183 shares of the stock in a transaction 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 owned 33,230 shares of the company’s stock, valued at $2,904,634.30. This represents a 26.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 1,800 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total value of $159,030.00. Following the completion of the transaction, the executive vice president owned 54,177 shares in the company, valued at $4,786,537.95. This represents a 3.22% 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 valued at $1,372,603 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Champion Homes

Several institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its stake in shares of Champion Homes by 257.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Champion Homes during the third quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in Champion Homes in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd raised its holdings in Champion Homes by 10,171.4% in the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after purchasing an additional 712 shares during the period. Finally, AdvisorNet Financial Inc acquired a new stake in Champion Homes in the third quarter worth $50,000.

Champion Homes Price Performance

Shares of SKY stock opened at $75.78 on Wednesday. Champion Homes has a 1 year low of $59.44 and a 1 year high of $110.00. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $87.41 and its 200-day moving average is $78.14. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 19.68 and a beta of 1.09.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.20. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. The firm had revenue of $684.43 million during the quarter, compared to analysts’ expectations of $636.96 million. During the same quarter in the previous year, the company posted $0.93 EPS. Champion Homes’s revenue was up 11.0% on a year-over-year basis. Sell-side 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.