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

Champion Homes, Inc. (NYSE:SKY) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $106.00.

A number of analysts have issued reports on the stock. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Zelman & Associates raised shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Finally, CJS Securities raised Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th.

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 1,812 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 55,977 shares in the company, valued at approximately $4,592,353.08. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction on Friday, December 12th. The stock was sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the completion of the transaction, the vice president owned 33,230 shares in the company, valued at $2,904,634.30. This trade represents 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. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Champion Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC grew its position in Champion Homes by 3.1% during the 2nd quarter. William Blair Investment Management LLC now owns 768,166 shares of the company’s stock worth $48,095,000 after acquiring an additional 22,833 shares during the last quarter. Third Avenue Management LLC acquired a new position in Champion Homes in the second quarter worth $3,748,000. Congress Asset Management Co. grew its holdings in shares of Champion Homes by 25.5% during the third quarter. Congress Asset Management Co. now owns 923,465 shares of the company’s stock worth $70,525,000 after purchasing an additional 187,611 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Champion Homes by 39.5% in the third quarter. Nordea Investment Management AB now owns 164,340 shares of the company’s stock valued at $12,229,000 after buying an additional 46,516 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC bought a new position in shares of Champion Homes in the third quarter valued at about $1,050,000.

Champion Homes Stock Performance

Shares of NYSE SKY opened at $75.78 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 1.77. Champion Homes has a one year low of $59.44 and a one year high of $110.00. The business’s 50-day moving average price is $87.41 and its two-hundred day moving average price is $78.14. The company has a market capitalization of $4.23 billion, a P/E ratio of 19.68 and a beta of 1.09.

Champion Homes (NYSE:SKY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The business had revenue of $684.43 million during the quarter, compared to analyst estimates of $636.96 million. During the same period in the previous year, the company earned $0.93 EPS. The firm’s revenue 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 fiscal 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.