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

Champion Homes, Inc. (NYSE:SKY) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $104.00.

SKY has been the topic of a number of recent analyst reports. Citigroup assumed coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Barclays raised their target price on shares of Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th.

Champion Homes Trading Up 0.2%

Champion Homes stock opened at $90.23 on Friday. Champion Homes has a 52 week low of $63.69 and a 52 week high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The stock has a market capitalization of $4.90 billion, a P/E ratio of 26.31 and a beta of 1.01. The stock has a 50-day simple moving average of $86.42 and a 200 day simple moving average of $81.68.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The firm had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. During the same quarter in the prior year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Champion Homes will post 3.4 earnings per share for the current year.

Insider Transactions at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the transaction, the executive vice president owned 32,118 shares in the company, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael B. Berman sold 1,500 shares of Champion Homes stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $93.22, for a total value of $139,830.00. Following the sale, the director directly owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. The trade was a 18.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,522 shares of company stock worth $1,147,665 over the last quarter. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Champion Homes in the fourth quarter valued at about $26,000. Kestra Advisory Services LLC bought a new position in Champion Homes during the fourth quarter worth about $26,000. Parallel Advisors LLC increased its position in Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Champion Homes in the 3rd quarter worth about $35,000.

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.