Champion Homes, Inc. (NYSE:SKY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Champion Homes, Inc. (NYSE:SKY) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat.com 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 objective among brokers that have issued a report on the stock in the last year is $103.50.

Several analysts recently weighed in on the company. Barclays decreased their target price on Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research note on Monday, April 20th.

Champion Homes Stock Performance

Shares of NYSE SKY opened at $65.23 on Friday. The business’s 50-day moving average price is $75.56 and its two-hundred day moving average price is $82.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. Champion Homes has a one year low of $59.44 and a one year high of $99.17. The company has a market capitalization of $3.61 billion, a P/E ratio of 17.35 and a beta of 1.07.

Champion Homes (NYSE:SKY) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%. Analysts anticipate that Champion Homes will post 3.8 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 stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the sale, the executive vice president owned 51,297 shares in the company, valued at $4,219,178.25. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Champion Homes

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Champion Homes by 8.9% in the 1st quarter. Bank of America Corp DE now owns 577,007 shares of the company’s stock valued at $42,912,000 after acquiring an additional 47,140 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Champion Homes by 42.5% in the 1st quarter. Janus Henderson Group PLC now owns 146,528 shares of the company’s stock valued at $10,901,000 after acquiring an additional 43,678 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in Champion Homes by 5.1% in the 1st quarter. Arkadios Wealth Advisors now owns 7,103 shares of the company’s stock valued at $528,000 after acquiring an additional 345 shares in the last quarter. Amundi raised its holdings in Champion Homes by 36.3% in the 1st quarter. Amundi now owns 11,448 shares of the company’s stock valued at $851,000 after acquiring an additional 3,050 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Champion Homes by 62.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,530 shares of the company’s stock valued at $114,000 after acquiring an additional 589 shares in the last quarter.

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.