Champion Homes, Inc. $SKY Shares Acquired by Royce & Associates LP

Royce & Associates LP lifted its holdings in Champion Homes, Inc. (NYSE:SKY) by 25.0% in the third quarter, HoldingsChannel reports. The firm owned 348,094 shares of the company’s stock after buying an additional 69,696 shares during the quarter. Royce & Associates LP’s holdings in Champion Homes were worth $26,584,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Champion Homes by 66.1% in the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after acquiring an additional 4,301 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Champion Homes in the first quarter valued at $294,000. Millennium Management LLC boosted its holdings in Champion Homes by 712.0% in the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock valued at $6,636,000 after purchasing an additional 61,405 shares during the period. State of New Jersey Common Pension Fund D grew its stake in Champion Homes by 13.9% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 21,987 shares of the company’s stock worth $1,377,000 after purchasing an additional 2,680 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Champion Homes by 29.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,922 shares of the company’s stock worth $2,249,000 after purchasing an additional 8,242 shares during the period.

Analyst Ratings Changes

Several brokerages have recently issued reports on SKY. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays lifted their price objective on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a research note on Friday, January 9th. Finally, Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Champion Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Insiders Place Their Bets

In related news, VP Timothy A. Burkhardt sold 12,183 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the sale, the vice president owned 33,230 shares in the company, valued at $2,904,634.30. This represents a 26.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 1,800 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total transaction of $159,030.00. Following the sale, the executive vice president owned 54,177 shares of the company’s stock, valued at approximately $4,786,537.95. This represents a 3.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Champion Homes Stock Performance

Shares of SKY stock opened at $93.39 on Monday. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $103.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 24.84 and a beta of 1.02. The stock’s 50-day moving average is $89.61 and its two-hundred day moving average is $81.43.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.83 by $0.13. The company had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. Analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

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.