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

Champion Homes, Inc. (NYSE:SKY) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $95.50.

A number of research firms have weighed in on SKY. Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a report on Friday, November 7th. Barclays upgraded shares of Champion Homes from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $79.00 to $100.00 in a research report on Monday, December 8th. Royal Bank Of Canada upgraded shares of Champion Homes from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $85.00 to $91.00 in a research note on Thursday, November 6th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, CJS Securities raised Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th.

Insider Buying and Selling

In other news, EVP Joseph A. Kimmell sold 1,812 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $82.04, for a total transaction of $148,656.48. Following the sale, the executive vice president owned 55,977 shares in the company, valued at approximately $4,592,353.08. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Champion Homes

A number of large investors have recently added to or reduced their stakes in SKY. CIBC Bancorp USA Inc. bought a new position in shares of Champion Homes during the 3rd quarter valued at about $467,000. Wilmington Savings Fund Society FSB purchased a new stake in Champion Homes in the third quarter worth approximately $2,858,000. Advisory Services Network LLC bought a new position in Champion Homes during the third quarter valued at approximately $35,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Champion Homes by 4.2% during the third quarter. CANADA LIFE ASSURANCE Co now owns 54,688 shares of the company’s stock worth $4,084,000 after acquiring an additional 2,224 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Champion Homes in the 3rd quarter worth approximately $7,323,000.

Champion Homes Stock Down 0.7%

Champion Homes stock opened at $87.33 on Tuesday. The firm has a 50 day simple moving average of $77.69 and a 200 day simple moving average of $72.13. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. Champion Homes has a 1-year low of $59.44 and a 1-year high of $110.00. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.68 and a beta of 1.06.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The firm had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Champion Homes will post 3.63 earnings per share for the current year.

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.