Champion Homes (NYSE:SKY) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Champion Homes has received a "hold (c)" rating from Weiss Ratings, with multiple other analysts offering ratings ranging from "buy" to "strong sell."
• The company's stock is currently trading at $76.46, with a market capitalization of $4.32 billion and a significant 12-month high of $116.49.
• Champion Homes reported an EPS of $1.19 for the last quarter, exceeding analysts' expectations, and achieving a year-over-year revenue increase of 11.7%.

Champion Homes (NYSE:SKY - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other research analysts also recently commented on the company. Royal Bank Of Canada increased their price objective on Champion Homes from $82.00 to $85.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Barclays boosted their price objective on shares of Champion Homes from $72.00 to $74.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Finally, Zacks Research cut Champion Homes from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Champion Homes currently has an average rating of "Hold" and an average price target of $86.00.

Champion Homes Stock Performance

Shares of NYSE:SKY traded down $0.54 during trading on Friday, hitting $76.46. The stock had a trading volume of 432,818 shares, compared to its average volume of 739,094. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. Champion Homes has a 12-month low of $59.44 and a 12-month high of $116.49. The stock has a 50-day simple moving average of $74.02 and a two-hundred day simple moving average of $73.45. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 20.34 and a beta of 1.16.

Champion Homes (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.31. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%.The firm had revenue of $701.32 million for the quarter, compared to analysts' expectations of $642.18 million. During the same period last year, the firm earned $0.91 EPS. The company's quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that Champion Homes will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 3,000 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $66.03, for a total transaction of $198,090.00. Following the completion of the sale, the executive vice president directly owned 44,568 shares in the company, valued at $2,942,825.04. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC acquired a new position in shares of Champion Homes during the third quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Champion Homes by 10,171.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company's stock valued at $45,000 after buying an additional 712 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in Champion Homes in the 2nd quarter worth approximately $48,000. AdvisorNet Financial Inc acquired a new position in Champion Homes in the third quarter worth approximately $50,000. Finally, Blue Trust Inc. lifted its stake in shares of Champion Homes by 49.8% in the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company's stock valued at $56,000 after purchasing an additional 299 shares during the last quarter.

About Champion Homes

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.

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