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

Shares of Champion Homes, Inc. (NYSE:SKY) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $106.00.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays lifted their target price on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st.

Champion Homes Trading Up 0.7%

Shares of NYSE:SKY opened at $93.39 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 24.84 and a beta of 1.09. Champion Homes has a 1-year low of $59.44 and a 1-year high of $103.93. The company has a 50 day moving average price of $89.61 and a 200 day moving average price of $81.39.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. The company had revenue of $656.61 million during the quarter, compared to the consensus estimate of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. On average, research analysts anticipate that Champion Homes will post 3.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Timothy A. Burkhardt sold 12,183 shares of the firm’s 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 completion of the sale, the vice president directly owned 33,230 shares in the company, valued at approximately $2,904,634.30. This trade represents a 26.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total transaction of $159,030.00. Following the completion of the transaction, the executive vice president owned 54,177 shares in the company, valued at approximately $4,786,537.95. This represents a 3.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Champion Homes in the fourth quarter worth approximately $26,000. Kestra Advisory Services LLC acquired a new position in Champion Homes in the fourth quarter worth approximately $26,000. Parkside Financial Bank & Trust raised its position in Champion Homes by 257.4% during the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Champion Homes in the third quarter valued at approximately $30,000.

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.