Champion Homes, Inc. (NYSE:SKY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Moderate Buy consensus from six analysts (3 hold, 2 buy, 1 strong buy) with an average 12-month price target of $106.00.
• Champion Homes beat expectations for the latest quarter, reporting $0.96 EPS vs. $0.83 expected and revenue of $656.6M (up 1.8% year-over-year); analysts expect about 3.63 EPS for the current year.
• Recent analyst activity is mixed but generally positive: Barclays raised its target to $111 and rated the stock overweight, CJS upgraded to strong-buy, while Zelman & Associates cut its rating to hold.

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 company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $106.00.

Several brokerages have weighed in on SKY. CJS Securities upgraded Champion Homes to a "strong-buy" rating in a research report on Thursday, December 11th. Barclays lifted their target price on shares of Champion Homes from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Champion Homes in a report on Wednesday, January 21st. Royal Bank Of Canada reissued an "outperform" rating and set a $101.00 price target on shares of Champion Homes in a research report on Friday, January 9th. Finally, Zelman & Associates lowered shares of Champion Homes from an "outperform" rating to a "hold" rating in a report on Thursday, February 5th.

Champion Homes Stock Up 1.3%

SKY opened at $75.74 on Thursday. Champion Homes has a 12 month low of $59.44 and a 12 month high of $99.17. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. The business's 50-day moving average price is $86.71 and its 200-day moving average price is $82.02. The company has a market cap of $4.19 billion, a P/E ratio of 20.14 and a beta of 1.02.

Champion Homes (NYSE:SKY - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The company had revenue of $656.61 million during the quarter, compared to analysts' expectations of $649.40 million. During the same period in the prior year, the business posted $1.04 EPS. Champion Homes's quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Champion Homes will post 3.63 EPS for the current year.

Insider Buying and Selling at Champion Homes

In related news, EVP Joseph A. Kimmell sold 2,880 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the sale, the executive vice president directly owned 51,297 shares of the company's stock, valued at $4,219,178.25. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company's stock worth $26,000 after buying an additional 138 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Champion Homes during the fourth quarter valued at approximately $26,000. Kestra Advisory Services LLC bought a new position in shares of Champion Homes during the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust lifted its stake in Champion Homes by 257.4% in the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company's stock worth $29,000 after acquiring an additional 278 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in Champion Homes in the third quarter valued at $30,000.

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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