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

Shares of Champion Homes, Inc. (NYSE:SKY) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $93.00.

A number of research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada dropped their price objective 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. Citigroup assumed coverage on shares of Champion Homes in a research note on Friday. They set a “buy” rating and a $93.00 price objective for the company. Barclays dropped their price objective on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Finally, UBS Group assumed coverage on shares of Champion Homes in a research note on Friday. They set a “buy” rating and a $93.00 price objective for the company.

Champion Homes Trading Up 0.6%

Shares of SKY opened at $75.20 on Tuesday. 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 firm has a 50 day simple moving average of $74.42 and a 200-day simple moving average of $82.16. Champion Homes has a 1-year low of $59.44 and a 1-year high of $99.17. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 20.55 and a beta of 1.04.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Equities analysts forecast that Champion Homes will post 3.4 EPS for the current fiscal year.

Institutional Trading of Champion Homes

Hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Champion Homes in the 4th quarter worth approximately $26,000. UMB Bank n.a. grew its stake in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after acquiring an additional 138 shares during the period. Kestra Advisory Services LLC purchased a new stake in Champion Homes in the 4th quarter worth approximately $26,000. Parallel Advisors LLC grew its stake in Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Champion Homes in the 3rd quarter worth approximately $35,000.

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.