First Eagle Investment Management LLC Buys 23,042 Shares of Champion Homes, Inc. $SKY

First Eagle Investment Management LLC increased its stake in Champion Homes, Inc. (NYSE:SKY) by 26.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,524 shares of the company’s stock after buying an additional 23,042 shares during the quarter. First Eagle Investment Management LLC’s holdings in Champion Homes were worth $8,517,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SKY. Royal Bank of Canada raised 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 valued at $1,024,000 after acquiring an additional 4,301 shares during the period. AQR Capital Management LLC bought a new position in Champion Homes during the 1st quarter valued at about $294,000. Millennium Management LLC raised its position in Champion Homes by 712.0% in the 1st quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock worth $6,636,000 after purchasing an additional 61,405 shares during the period. Envestnet Asset Management Inc. lifted its stake in Champion Homes by 29.8% in the second 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 last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of Champion Homes by 3.7% during the second quarter. Arkadios Wealth Advisors now owns 6,638 shares of the company’s stock valued at $416,000 after buying an additional 238 shares during the period.

Insider Activity

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,800 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $88.35, for a total transaction of $159,030.00. Following the transaction, the executive vice president owned 54,177 shares of the company’s stock, valued at approximately $4,786,537.95. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the completion of the sale, the vice president directly owned 33,230 shares of the company’s stock, valued at $2,904,634.30. The trade was a 26.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 price objective on shares of Champion Homes in a research report on Friday, January 9th. Barclays increased their target price on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Champion Homes Trading Down 1.9%

SKY opened at $89.07 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $89.79 and its two-hundred day moving average is $81.67. The company has a market capitalization of $4.93 billion, a P/E ratio of 23.69 and a beta of 1.02. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $100.68.

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