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

Champion Homes, Inc. (NYSE:SKY) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $104.00.

Several research firms have weighed in on SKY. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Citigroup started coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price target on the stock. Weiss Ratings raised shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. UBS Group lifted their price objective on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Barclays upped their price target on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th.

Insider Buying and Selling at Champion Homes

In other Champion Homes news, Director Michael B. Berman sold 1,500 shares of the firm’s stock in a transaction 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 in the company, valued at $636,226.50. This trade represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erin Claire Helgren sold 1,100 shares of the business’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 sale, the director owned 8,196 shares of the company’s stock, valued at approximately $778,620. The trade was a 11.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,522 shares of company stock worth $1,147,665 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Champion Homes

Several institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its position in 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 during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Champion Homes in the fourth quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new stake in shares of Champion Homes in the fourth quarter valued at about $26,000. Parallel Advisors LLC boosted its stake in shares of 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 buying an additional 341 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Champion Homes during the third quarter worth about $35,000.

Champion Homes Stock Up 0.5%

NYSE SKY opened at $90.44 on Friday. Champion Homes has a 52 week low of $63.69 and a 52 week high of $99.17. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $85.46 and its 200-day simple moving average is $81.32. The firm has a market cap of $4.91 billion, a PE ratio of 26.37 and a beta of 1.01.

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

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.