Champion Homes, Inc. (NYSE:SKY) Receives $86.00 Average PT from Brokerages

Shares of Champion Homes, Inc. (NYSE:SKY) have been given a consensus rating of “Hold” by the six analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $86.00.

SKY has been the subject of several analyst reports. Barclays boosted their price target on Champion Homes from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada raised their price target on Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th.

Champion Homes Trading Down 1.6%

Champion Homes stock opened at $76.35 on Friday. The stock has a 50-day moving average price of $72.90 and a 200 day moving average price of $75.41. Champion Homes has a 52 week low of $59.44 and a 52 week high of $116.49. The stock has a market cap of $4.32 billion, a PE ratio of 20.30 and a beta of 1.16. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.31. The company had revenue of $701.32 million for the quarter, compared to analysts’ expectations of $642.18 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. Equities research analysts predict that Champion Homes will post 3.63 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Joseph A. Kimmell sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $65.24, for a total value of $65,240.00. Following the completion of the sale, the executive vice president directly owned 43,568 shares in the company, valued at approximately $2,842,376.32. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Champion Homes

Several institutional investors have recently made changes to their positions in SKY. Two Sigma Advisers LP raised its position in shares of Champion Homes by 3.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,800 shares of the company’s stock worth $511,000 after buying an additional 200 shares during the period. GAMMA Investing LLC increased its stake in Champion Homes by 38,372.4% during the first quarter. GAMMA Investing LLC now owns 96,181 shares of the company’s stock worth $9,114,000 after acquiring an additional 95,931 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of Champion Homes by 7.4% in the 1st quarter. Portside Wealth Group LLC now owns 3,567 shares of the company’s stock worth $314,000 after purchasing an additional 246 shares during the period. Congress Asset Management Co. lifted its stake in shares of Champion Homes by 8.8% in the 1st quarter. Congress Asset Management Co. now owns 661,578 shares of the company’s stock valued at $62,691,000 after purchasing an additional 53,543 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Champion Homes by 27.6% during the 1st quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $1,838,000 after purchasing an additional 4,200 shares during the period.

About Champion Homes

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.