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

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

Several other research firms also recently weighed in on SKY. Royal Bank Of Canada decreased 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. Weiss Ratings cut Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Barclays cut their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday. One equities 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 assigned a Sell rating to the stock. According to MarketBeat, Champion Homes currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Champion Homes Trading Down 1.3%

SKY opened at $73.19 on Wednesday. Champion Homes has a 1-year low of $59.44 and a 1-year 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 company has a market cap of $4.02 billion, a P/E ratio of 20.00 and a beta of 1.07. The company has a fifty day moving average price of $74.55 and a two-hundred day moving average price of $82.51.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results 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%. Analysts predict that Champion Homes will post 3.4 EPS for the current fiscal year.

Insider Activity at Champion Homes

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 51,297 shares of the company’s stock, valued at $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Champion Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Argent Capital Management LLC increased its position in shares of Champion Homes by 40.7% during the first quarter. Argent Capital Management LLC now owns 24,164 shares of the company’s stock worth $1,797,000 after acquiring an additional 6,994 shares in the last quarter. Bank of America Corp DE increased its position in shares of Champion Homes by 8.9% during the first quarter. Bank of America Corp DE now owns 577,007 shares of the company’s stock worth $42,912,000 after acquiring an additional 47,140 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Champion Homes by 42.5% during the first quarter. Janus Henderson Group PLC now owns 146,528 shares of the company’s stock worth $10,901,000 after acquiring an additional 43,678 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Champion Homes by 5.1% during the first quarter. Arkadios Wealth Advisors now owns 7,103 shares of the company’s stock worth $528,000 after acquiring an additional 345 shares in the last quarter. Finally, Amundi increased its position in shares of Champion Homes by 36.3% during the first quarter. Amundi now owns 11,448 shares of the company’s stock worth $851,000 after acquiring an additional 3,050 shares in the last quarter.

Champion Homes Company Profile

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.