Analysts Set Champion Homes, Inc. (NYSE:SKY) Target Price at $103.50

Shares of Champion Homes, Inc. (NYSE:SKY) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $103.50.

SKY has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 price objective on shares of Champion Homes in a research note on Friday, January 9th. Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Barclays cut their price objective on shares of Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the sale, the executive vice president owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Champion Homes

A number of institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB raised its holdings in Champion Homes by 39.5% during the 3rd quarter. Nordea Investment Management AB now owns 164,340 shares of the company’s stock valued at $12,229,000 after buying an additional 46,516 shares during the last quarter. Congress Asset Management Co. raised its holdings in Champion Homes by 25.5% during the 3rd quarter. Congress Asset Management Co. now owns 923,465 shares of the company’s stock valued at $70,525,000 after buying an additional 187,611 shares during the last quarter. Bryn Mawr Trust Advisors LLC bought a new stake in Champion Homes during the 3rd quarter valued at $1,050,000. Cramer Rosenthal Mcglynn LLC raised its holdings in Champion Homes by 7.5% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company’s stock valued at $50,700,000 after buying an additional 46,555 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Champion Homes by 168.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 114,808 shares of the company’s stock valued at $8,768,000 after buying an additional 72,060 shares during the last quarter.

Champion Homes Price Performance

SKY stock opened at $81.74 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. Champion Homes has a one year low of $59.44 and a one year high of $99.17. The stock has a market cap of $4.52 billion, a PE ratio of 21.74 and a beta of 1.11. The firm has a 50 day simple moving average of $82.29 and a two-hundred day simple moving average of $82.21.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The company had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $649.40 million. During the same quarter in the prior year, the company earned $1.04 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Champion Homes will post 3.8 EPS for the current fiscal year.

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.