Champion Homes, Inc. (NYSE:SKY) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Champion Homes, Inc. (NYSE:SKY) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $102.75.

A number of equities analysts have commented on the stock. Royal Bank Of Canada reduced their price target on shares of Champion Homes from $99.00 to $94.00 and set an “outperform” rating on the stock in a research report on Thursday. UBS Group upped their price objective on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. Finally, Barclays lifted their target price on shares of Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th.

Champion Homes Stock Down 0.2%

Shares of NYSE SKY opened at $77.56 on Monday. Champion Homes has a 52-week low of $63.87 and a 52-week high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The business has a fifty day moving average of $86.68 and a two-hundred day moving average of $81.47. The stock has a market cap of $4.21 billion, a PE ratio of 22.61 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 for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. As a group, equities research analysts expect that Champion Homes will post 3.40 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Champion Homes news, Director Erin Helgren sold 1,100 shares of Champion Homes stock in a transaction 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 completion of the transaction, the director owned 8,196 shares in the company, valued at approximately $778,620. The trade was a 11.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael B. Berman sold 1,500 shares of Champion Homes stock in a transaction 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 completion of the transaction, the director owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. The trade was a 18.02% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Champion Homes

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Champion Homes in the second quarter valued at about $794,354,000. Wasatch Advisors LP lifted its position 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 buying an additional 10,749 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Champion Homes by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock worth $129,111,000 after buying an additional 80,531 shares in the last quarter. Congress Asset Management Co. lifted its position in Champion Homes by 0.8% during the 3rd quarter. Congress Asset Management Co. now owns 1,222,557 shares of the company’s stock worth $104,773,000 after buying an additional 9,597 shares in the last quarter. Finally, Bamco Inc. NY bought a new stake in Champion Homes during the 4th quarter worth about $61,308,000.

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.