Champion Homes, Inc. (NYSE:SKY) Receives $100.50 Average PT from Brokerages

Champion Homes, Inc. (NYSE:SKY) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $106.00.

SKY has been the subject of several research analyst reports. Barclays lifted their price target on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday. CJS Securities raised Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 price objective on shares of Champion Homes in a research note on Friday, January 9th. Finally, Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th.

Champion Homes Trading Down 1.1%

Shares of Champion Homes stock opened at $96.40 on Friday. The stock has a market cap of $5.38 billion, a P/E ratio of 25.04 and a beta of 1.08. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. Champion Homes has a 12-month low of $59.44 and a 12-month high of $110.00. The business’s 50 day moving average is $85.88 and its 200-day moving average is $76.20.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The firm had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. Equities research analysts predict that Champion Homes will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,812 shares of Champion Homes stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $82.04, for a total transaction of $148,656.48. Following the completion of the transaction, the executive vice president owned 55,977 shares in the company, valued at approximately $4,592,353.08. The trade was a 3.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the sale, the vice president directly owned 33,230 shares of the company’s stock, valued at approximately $2,904,634.30. This trade represents a 26.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,795 shares of company stock worth $1,372,603 over the last ninety days. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Champion Homes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ulland Investment Advisors LLC grew its stake in shares of Champion Homes by 0.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock worth $3,564,000 after acquiring an additional 155 shares in the last quarter. CWM LLC grew its position in Champion Homes by 7.0% in the 3rd quarter. CWM LLC now owns 2,410 shares of the company’s stock worth $184,000 after purchasing an additional 157 shares in the last quarter. Mackenzie Financial Corp increased its stake in Champion Homes by 4.7% in the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after buying an additional 161 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Champion Homes by 5.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock worth $220,000 after buying an additional 183 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Champion Homes by 33.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock worth $65,000 after buying an additional 215 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.