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

Champion Homes, Inc. (NYSE:SKYGet Free Report) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $93.00.

A number of research analysts have recently commented on SKY shares. Citigroup started coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. UBS Group started coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Weiss Ratings downgraded shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Finally, Barclays dropped their price objective on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th.

Get Our Latest Report on SKY

Champion Homes Trading Down 2.2%

NYSE SKY opened at $78.69 on Tuesday. Champion Homes has a 12 month low of $59.44 and a 12 month high of $99.17. The company has a 50-day moving average of $74.80 and a 200-day moving average of $82.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. The company has a market cap of $4.32 billion, a P/E ratio of 21.50 and a beta of 1.04.

Champion Homes (NYSE:SKYGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. As a group, equities analysts predict that Champion Homes will post 3.4 earnings per share for the current year.

Insider Transactions at Champion Homes

In related news, EVP Joseph A. Kimmell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. This represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Champion Homes

Institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in Champion Homes during the 4th quarter worth approximately $26,000. UMB Bank n.a. increased its position in Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Champion Homes during the 4th quarter worth approximately $26,000. Parallel Advisors LLC increased its position in Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Champion Homes during the 3rd quarter worth approximately $35,000.

Champion Homes Company Profile

(Get Free Report)

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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Analyst Recommendations for Champion Homes (NYSE:SKY)

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