Champion Homes, Inc. (NYSE:SKY) Receives $106.00 Average Target Price from Brokerages

Champion Homes, Inc. (NYSE:SKY) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $106.00.

SKY has been the subject of several recent research reports. Barclays lifted their target price on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 price objective on shares of Champion Homes in a report on Friday, January 9th. Finally, CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th.

Champion Homes Trading Down 2.3%

SKY stock opened at $72.68 on Thursday. The company has a market capitalization of $4.02 billion, a PE ratio of 19.33 and a beta of 1.02. 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 company’s 50 day moving average price is $85.78 and its two-hundred day moving average price is $81.99. Champion Homes has a one year low of $59.44 and a one year high of $99.17.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. The company had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. As a group, analysts predict that Champion Homes will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 2,880 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the transaction, the executive vice president owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Champion Homes

Several institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP boosted its holdings in shares of Champion Homes by 1,149.3% during the 3rd quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock valued at $106,738,000 after purchasing an additional 1,285,768 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Champion Homes in the fourth quarter worth $90,282,000. Bank of Montreal Can lifted its holdings in shares of Champion Homes by 14,014.0% in the 4th quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock worth $69,817,000 after acquiring an additional 820,378 shares during the last quarter. Bamco Inc. NY bought a new stake in Champion Homes in the fourth quarter worth about $61,308,000. Finally, Norges Bank purchased a new position in Champion Homes during the 2nd quarter valued at $40,360,000.

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.