Analysts Set Champion Homes, Inc. (NYSE:SKY) Price Target at $93.00

Shares of Champion Homes, Inc. (NYSE:SKY) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $93.00.

Several research firms recently weighed in on SKY. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Citigroup initiated coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. UBS Group started coverage on Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Barclays reduced their price objective on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president directly owned 32,118 shares in the company, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SKY. UMB Bank n.a. lifted its position in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Champion Homes in the 4th quarter worth $26,000. Kestra Advisory Services LLC purchased a new position in shares of Champion Homes in the fourth quarter worth $26,000. Parallel Advisors LLC lifted its holdings in shares of Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Champion Homes during the third quarter valued at $35,000.

Champion Homes Stock Performance

NYSE:SKY opened at $78.96 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $76.79 and its 200 day simple moving average is $81.88. The stock has a market cap of $4.33 billion, a P/E ratio of 21.57 and a beta of 1.00. Champion Homes has a twelve month low of $60.13 and a twelve month high of $99.17.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. The business had revenue of $621.28 million during the quarter, compared to analyst estimates of $607.39 million. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. As a group, research analysts predict that Champion Homes will post 3.4 EPS for the current 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.