Champion Homes (NYSE:SKY) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Champion Homes (NYSE:SKY) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other research analysts have also recently commented on SKY. Weiss Ratings cut shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Barclays reduced their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday. Zelman & Associates downgraded shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada dropped their price target on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Champion Homes Trading Down 1.3%

NYSE SKY opened at $73.19 on Wednesday. The company’s fifty day simple moving average is $74.55 and its 200-day simple moving average is $82.51. Champion Homes has a 52 week low of $59.44 and a 52 week high of $99.17. The company has a current ratio of 2.48, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.02 billion, a P/E ratio of 20.00 and a beta of 1.07.

Champion Homes (NYSE:SKY) last posted its earnings results on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Equities research analysts predict that Champion Homes will post 3.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after acquiring an additional 138 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Champion Homes during the fourth quarter valued at $26,000. Kestra Advisory Services LLC bought a new stake in Champion Homes during the fourth quarter valued at $26,000. Parallel Advisors LLC increased its stake in Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Champion Homes during the third quarter valued at $35,000.

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.