Champion Homes (NYSE:SKY) Research Coverage Started at Oppenheimer

Oppenheimer began coverage on shares of Champion Homes (NYSE:SKY) in a research report released on Wednesday, MarketBeat reports. The brokerage issued a market perform rating on the stock.

SKY has been the subject of a number of other research reports. Citigroup started coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target for the company. Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. UBS Group upped their target price on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada raised their price target on shares of Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Champion Homes has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

Champion Homes Price Performance

Shares of NYSE SKY opened at $88.00 on Wednesday. Champion Homes has a 1-year low of $63.69 and a 1-year high of $99.17. The business has a 50-day moving average of $87.55 and a 200-day moving average of $81.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 25.66 and a beta of 1.02.

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

Insider Buying and Selling

In other Champion Homes news, Director Erin Helgren sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the transaction, the director directly owned 8,196 shares of the company’s stock, valued at $778,620. This represents a 11.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael B. Berman sold 1,500 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the transaction, the director owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. This trade represents a 18.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by company insiders.

Institutional Trading of Champion Homes

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Champion Homes during the 2nd quarter worth approximately $794,354,000. Wasatch Advisors LP grew its position in shares of Champion Homes by 221.3% in the 1st quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock worth $203,533,000 after acquiring an additional 1,885,046 shares in the last quarter. Bamco Inc. NY bought a new stake in shares of Champion Homes in the 4th quarter valued at approximately $61,308,000. Bank of America Corp DE bought a new stake in shares of Champion Homes in the 2nd quarter valued at approximately $52,406,000. Finally, Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Champion Homes during the 2nd quarter valued at approximately $51,446,747.

About Champion Homes

Champion Homes, Inc (NYSE:SKY) is a manufacturer of factory-built housing in North America. The company designs and produces manufactured and modular homes, along with park model recreational vehicles and other off-site construction products. Its homes are sold through independent and company-owned retailers, developers, and other housing channels.

The company’s products serve a range of residential needs, including affordable single-family housing, workforce housing, multifamily developments, accessory dwelling units, and disaster-recovery housing.