Champion Homes, Inc. (SKY) – What Are Researchers Saying About This Stock?

Shares of Champion Homes, Inc. (NYSE:SKY) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $104.25.

A number of analysts recently weighed in on the company. Royal Bank Of Canada increased their price objective on Champion Homes from $94.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Barclays raised their target price on Champion Homes from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. UBS Group lifted their target price on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, November 4th. Finally, Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th.

Hedge Funds Weigh In On Champion Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in SKY. BlackRock Inc. acquired a new stake in Champion Homes during the 2nd quarter valued at approximately $794,354,000. Wasatch Advisors LP raised its holdings in Champion Homes by 0.4% during the 2nd quarter. Wasatch Advisors LP now owns 2,747,516 shares of the company’s stock worth $242,111,000 after purchasing an additional 10,749 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Champion Homes by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock worth $129,111,000 after purchasing an additional 80,531 shares during the period. Congress Asset Management Co. lifted its position in shares of Champion Homes by 0.8% in the 3rd quarter. Congress Asset Management Co. now owns 1,222,557 shares of the company’s stock worth $104,773,000 after purchasing an additional 9,597 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Champion Homes in the 2nd quarter worth approximately $52,406,000.

Champion Homes Trading Down 0.9%

Shares of NYSE SKY opened at $92.22 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 2.75. Champion Homes has a 52-week low of $63.87 and a 52-week high of $99.17. The firm has a 50 day moving average price of $84.46 and a two-hundred day moving average price of $82.45. The stock has a market cap of $4.96 billion, a P/E ratio of 27.36 and a beta of 1.03.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $727.03 million during the quarter, compared to the consensus estimate of $719.71 million. Champion Homes had a net margin of 6.84% and a return on equity of 12.17%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, equities analysts forecast that Champion Homes will post 3.34 EPS for the current year.

Champion Homes Company Profile

Champion Homes, Inc. (NYSE: SKY) designs and builds factory-produced homes and buildings. Its offerings include manufactured and modular homes, park model recreational vehicles, and buildings for commercial and institutional uses. The company sells through a network of independent retailers and builders, as well as company-owned retail locations. The company serves customers across the United States and western Canada. Its factory-built approach allows homes and buildings to be constructed in controlled environments and then transported to their sites for installation.