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

Champion Homes, Inc. (NYSE:SKY) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Three equities 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 brokers that have updated their coverage on the stock in the last year is $106.00.

A number of brokerages recently weighed in on SKY. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a report on Friday, January 9th. CJS Securities upgraded shares of Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Barclays lifted their target price on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th.

Champion Homes Stock Up 0.7%

SKY stock opened at $93.39 on Friday. The firm has a market cap of $5.16 billion, a PE ratio of 24.84 and a beta of 1.09. Champion Homes has a 1 year low of $59.44 and a 1 year high of $103.93. The company has a fifty day simple moving average of $89.61 and a 200 day simple moving average of $81.39. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share 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 company had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Champion Homes will post 3.63 EPS for the current fiscal year.

Insider Transactions at Champion Homes

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the firm’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 sale, the vice president owned 33,230 shares of the company’s stock, valued at $2,904,634.30. This trade represents a 26.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 54,177 shares of the company’s stock, valued at approximately $4,786,537.95. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Champion Homes

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Champion Homes by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock valued at $2,666,000 after purchasing an additional 138 shares during the last quarter. UMB Bank n.a. raised its position in shares of Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 138 shares during the last quarter. Ulland Investment Advisors LLC raised its position in shares of Champion Homes by 0.3% during the third quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock valued at $3,564,000 after buying an additional 155 shares during the last quarter. CWM LLC lifted its stake in shares of Champion Homes by 7.0% in the third quarter. CWM LLC now owns 2,410 shares of the company’s stock valued at $184,000 after buying an additional 157 shares during the period. Finally, Mackenzie Financial Corp grew its position in Champion Homes by 4.7% during the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after buying an additional 161 shares in the last quarter.

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.