Champion Homes, Inc. (NYSE:SKY – Get Free Report) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $103.50.
Several equities analysts have recently commented on the company. Barclays decreased their target price on Champion Homes from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Monday, April 20th. Finally, Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th.
Check Out Our Latest Report on SKY
Champion Homes Price Performance
Champion Homes (NYSE:SKY – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. Equities analysts expect that Champion Homes will post 3.8 earnings per share for the current year.
Insider Activity at Champion Homes
In related news, EVP Joseph A. Kimmell sold 2,880 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the transaction, the executive vice president directly owned 51,297 shares in the company, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.
Hedge Funds Weigh In On Champion Homes
Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. grew its stake in shares of Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Champion Homes in the fourth quarter valued at about $26,000. Kestra Advisory Services LLC acquired a new position in shares of Champion Homes in the fourth quarter valued at about $26,000. Parkside Financial Bank & Trust grew its stake in shares of Champion Homes by 257.4% in the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter.
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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