Argent Capital Management LLC Acquires 6,994 Shares of Champion Homes, Inc. $SKY

Argent Capital Management LLC grew its position in Champion Homes, Inc. (NYSE:SKY) by 40.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,164 shares of the company’s stock after purchasing an additional 6,994 shares during the period. Argent Capital Management LLC’s holdings in Champion Homes were worth $1,797,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SKY. UMB Bank n.a. grew its position in shares of Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares during the period. Los Angeles Capital Management LLC bought a new position in Champion Homes in the 4th quarter valued at about $26,000. Kestra Advisory Services LLC bought a new position in Champion Homes in the 4th quarter valued at about $26,000. Parallel Advisors LLC lifted its holdings in Champion Homes by 668.6% during the 1st 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 bought a new stake in shares of Champion Homes in the third quarter valued at about $35,000.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the transaction, the executive vice president owned 36,118 shares in the company, valued at $2,734,132.60. This represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SKY. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. UBS Group initiated coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price target on the stock. Citigroup started coverage on Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Barclays boosted their target price on shares of Champion Homes from $94.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Champion Homes currently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Champion Homes Stock Down 0.7%

Shares of NYSE:SKY opened at $79.74 on Friday. The business’s 50 day simple moving average is $80.44 and its two-hundred day simple moving average is $81.35. The firm has a market cap of $4.38 billion, a P/E ratio of 21.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. Champion Homes, Inc. has a 52-week low of $60.13 and a 52-week high of $99.17.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, May 26th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $621.28 million for the quarter, compared to analyst estimates of $607.39 million. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. As a group, research analysts forecast that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Champion Homes 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.