Champion Homes, Inc. (NYSE:SKY) Given Average Recommendation of “Moderate Buy” by Brokerages

Champion Homes, Inc. (NYSE:SKY) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $100.50.

SKY has been the topic of a number of research reports. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research note 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 report on Friday. Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Barclays upgraded Champion Homes from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $79.00 to $100.00 in a research report on Monday, December 8th. Finally, Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th.

Insider Buying and Selling

In other news, EVP Joseph A. Kimmell sold 1,812 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $82.04, for a total value of $148,656.48. Following the completion of the sale, the executive vice president owned 55,977 shares of the company’s stock, valued at $4,592,353.08. This represents a 3.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the sale, the vice president directly owned 33,230 shares in the company, valued at approximately $2,904,634.30. The trade was a 26.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 15,795 shares of company stock worth $1,372,603. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Champion Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Congress Asset Management Co. raised its position in Champion Homes by 2.8% in the 4th quarter. Congress Asset Management Co. now owns 949,549 shares of the company’s stock valued at $80,237,000 after purchasing an additional 26,084 shares in the last quarter. SG Americas Securities LLC raised its holdings in Champion Homes by 21.2% in the fourth quarter. SG Americas Securities LLC now owns 13,869 shares of the company’s stock valued at $1,172,000 after acquiring an additional 2,430 shares in the last quarter. Occidental Asset Management LLC purchased a new position in Champion Homes in the fourth quarter worth approximately $226,000. Procyon Advisors LLC purchased a new position in Champion Homes in the fourth quarter worth approximately $1,437,000. Finally, GAMMA Investing LLC grew its holdings in Champion Homes by 92.1% during the 4th quarter. GAMMA Investing LLC now owns 1,489 shares of the company’s stock worth $126,000 after acquiring an additional 714 shares in the last quarter.

Champion Homes Trading Up 4.7%

Champion Homes stock opened at $95.18 on Friday. The firm has a market cap of $5.32 billion, a PE ratio of 24.72 and a beta of 1.08. Champion Homes has a 12 month low of $59.44 and a 12 month high of $110.00. The stock’s 50 day simple moving average is $83.72 and its two-hundred day simple moving average is $75.06. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.20. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. The business had revenue of $684.43 million for the quarter, compared to analyst estimates of $636.96 million. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts anticipate that Champion Homes will post 3.63 earnings per share 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.