Champion Homes (NYSE:SKY – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.
Several other equities research analysts have also issued reports on SKY. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Royal Bank Of Canada decreased their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays decreased their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Champion Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.
Champion Homes Trading Down 1.3%
Champion Homes (NYSE:SKY – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Research analysts anticipate that Champion Homes will post 3.4 EPS for the current fiscal year.
Insider Buying and Selling at Champion Homes
In other news, EVP Joseph A. Kimmell sold 2,880 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the transaction, the executive vice president directly owned 51,297 shares of the company’s stock, valued at $4,219,178.25. This represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new position in shares of Champion Homes during the 4th quarter valued at approximately $26,000. UMB Bank n.a. grew its position in shares of Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares during the period. Kestra Advisory Services LLC bought a new position in Champion Homes in the 4th quarter worth approximately $26,000. Parallel Advisors LLC boosted its holdings in Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the period. Finally, Advisory Services Network LLC bought a new position in Champion Homes in the 3rd quarter worth approximately $35,000.
About Champion Homes
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.
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