Champion Homes (NYSE:SKY) Stock Rating Lowered by Zacks Research

by · The Cerbat Gem

Champion Homes (NYSE:SKY – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

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

Get Our Latest Research Report on SKY

Champion Homes Trading Down 1.3%

NYSE SKY opened at $73.19 on Wednesday. The firm has a market capitalization of $4.02 billion, a PE ratio of 20.00 and a beta of 1.07. The company has a quick ratio of 1.89, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. Champion Homes has a twelve month low of $59.44 and a twelve month high of $99.17. The stock’s 50 day moving average is $74.55 and its 200 day moving average is $82.51.

Champion Homes (NYSE:SKY – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Research analysts forecast that Champion Homes will post 3.4 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the company’s stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SKY. UMB Bank n.a. lifted 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 worth $26,000 after buying an additional 138 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Champion Homes in the fourth quarter worth $26,000. Kestra Advisory Services LLC purchased a new position in shares of Champion Homes in the fourth quarter worth $26,000. Parallel Advisors LLC raised its stake in shares of Champion Homes by 668.6% in the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Champion Homes in the third quarter worth $35,000.

Champion Homes Company Profile

(Get Free Report)

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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