Champion Homes (NYSE:SKY) Stock Rating Upgraded by Zacks Research

Champion Homes (NYSE:SKY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

SKY has been the subject of several other reports. Royal Bank Of Canada cut their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Weiss Ratings cut Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Citigroup began coverage on Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. UBS Group began coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Barclays raised their price target on Champion Homes from $94.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Champion Homes currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Champion Homes Stock Performance

NYSE:SKY opened at $83.41 on Monday. The firm has a 50 day simple moving average of $79.84 and a 200-day simple moving average of $81.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. The firm has a market cap of $4.58 billion, a PE ratio of 22.79 and a beta of 1.00. Champion Homes has a 1-year low of $60.13 and a 1-year high of $99.17.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, May 26th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The business had revenue of $621.28 million for the quarter, compared to the consensus estimate of $607.39 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts expect that Champion Homes will post 3.4 EPS 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 on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total value of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares of the company’s stock, valued at $2,438,077.38. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Champion Homes

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its position in shares of Champion Homes by 119.9% during the fourth quarter. Comerica Bank now owns 35,543 shares of the company’s stock worth $3,003,000 after purchasing an additional 19,377 shares in the last quarter. Horizon Investments LLC acquired a new stake in Champion Homes during the 4th quarter valued at $1,439,000. Militia Capital Management LLC purchased a new stake in Champion Homes during the 1st quarter worth $1,398,000. Union Square Park Capital Management LLC acquired a new position in Champion Homes in the 1st quarter worth $1,116,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Champion Homes by 13,563.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,589 shares of the company’s stock valued at $1,824,000 after buying an additional 21,431 shares during the last quarter.

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.