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

Champion Homes, Inc. (NYSE:SKY) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $106.00.

Several analysts have weighed in on SKY shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. CJS Securities raised Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a research note on Friday, January 9th. Barclays lifted their price target on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th.

Insider Transactions at Champion Homes

In related news, EVP Joseph A. Kimmell sold 2,880 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the sale, the executive vice president owned 51,297 shares of the company’s stock, valued at $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Champion Homes

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of Champion Homes by 7.5% in 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 in the last quarter. State Street Corp increased its position in Champion Homes by 4.0% during the 2nd quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after buying an additional 98,659 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Champion Homes by 6.3% during the second quarter. Thrivent Financial for Lutherans now owns 2,068,870 shares of the company’s stock valued at $129,532,000 after buying an additional 122,895 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Champion Homes by 1.1% during the third quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock valued at $134,593,000 after buying an additional 19,784 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Champion Homes by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,633 shares of the company’s stock valued at $139,904,000 after buying an additional 125,114 shares during the last quarter.

Champion Homes Trading Up 1.3%

NYSE:SKY opened at $75.74 on Thursday. The company has a 50-day moving average price of $86.71 and a 200-day moving average price of $82.02. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 20.14 and a beta of 1.02. 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 has a 12 month low of $59.44 and a 12 month high of $99.17.

Champion Homes (NYSE:SKY) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The company had revenue of $656.61 million for the quarter, compared to analysts’ expectations of $649.40 million. During the same quarter in the previous year, the company earned $1.04 earnings per share. Champion Homes’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Champion Homes will post 3.63 EPS for the current year.

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.