Robotti Robert Invests $7.98 Million in Champion Homes, Inc. $SKY

Robotti Robert bought a new position in shares of Champion Homes, Inc. (NYSE:SKY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 90,596 shares of the company’s stock, valued at approximately $7,983,000. Champion Homes comprises approximately 1.3% of Robotti Robert’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in Champion Homes in the second quarter valued at $489,000. BlackRock Inc. purchased a new position in shares of Champion Homes during the 2nd quarter valued at about $794,354,000. Deutsche Bank AG acquired a new position in shares of Champion Homes in the 2nd quarter valued at about $5,322,000. Rice Hall James & Associates LLC acquired a new position in shares of Champion Homes in the 2nd quarter valued at about $2,881,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Champion Homes in the second quarter worth about $101,000.

Champion Homes Price Performance

Shares of NYSE SKY opened at $91.01 on Wednesday. The firm has a market cap of $4.94 billion, a PE ratio of 26.53 and a beta of 1.01. The firm has a fifty day moving average of $84.71 and a 200 day moving average of $81.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. Champion Homes, Inc. has a one year low of $63.69 and a one year high of $99.17.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $710.23 million for the quarter, compared to the consensus estimate of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. As a group, research analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their price target on Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Barclays upped their price objective on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. Finally, Citigroup initiated coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Insider Transactions at Champion Homes

In related news, EVP Joseph A. Kimmell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the transaction, the executive vice president owned 32,118 shares in the company, valued at $2,438,077.38. This represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erin Claire Helgren sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $104,500.00. Following the completion of the transaction, the director directly owned 8,196 shares in the company, valued at $778,620. This represents a 11.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,522 shares of company stock valued at $1,147,665 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

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.