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

Shares of Champion Homes, Inc. (NYSE:SKY) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $93.00.

A number of equities analysts have commented on the company. Citigroup assumed coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective on the stock. Weiss Ratings cut Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. UBS Group initiated coverage on shares of Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Finally, Royal Bank Of Canada reduced their target price on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 7,922 shares of Champion Homes stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total transaction of $599,695.40. Following the completion of the sale, the executive vice president directly owned 36,118 shares of the company’s stock, valued at $2,734,132.60. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Champion Homes

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in Champion Homes by 66.1% during the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after acquiring an additional 4,301 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Champion Homes during the first quarter worth about $294,000. Millennium Management LLC raised its position in shares of Champion Homes by 712.0% during the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock worth $6,636,000 after purchasing an additional 61,405 shares during the period. Hsbc Holdings PLC bought a new position in shares of Champion Homes during the 2nd quarter valued at about $408,000. Finally, Invesco Ltd. lifted its holdings in shares of Champion Homes by 150.6% during the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock valued at $41,016,000 after purchasing an additional 393,686 shares in the last quarter.

Champion Homes Trading Down 0.0%

Shares of SKY stock opened at $85.21 on Friday. The company has a market capitalization of $4.68 billion, a P/E ratio of 23.28 and a beta of 1.00. Champion Homes has a 12-month low of $60.13 and a 12-month high of $99.17. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $76.76 and a 200 day moving average price of $82.01.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $621.28 million during the quarter, compared to analysts’ expectations of $607.39 million. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Champion Homes’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. Research analysts forecast that Champion Homes will post 3.4 earnings per share for the current fiscal year.

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.