Wasatch Advisors LP Increases Stock Position in Champion Homes, Inc. $SKY

Wasatch Advisors LP increased its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 0.4% during the second quarter, Holdings Channel.com reports. The firm owned 2,747,516 shares of the company’s stock after buying an additional 10,749 shares during the period. Champion Homes makes up 1.6% of Wasatch Advisors LP’s holdings, making the stock its 15th biggest holding. Wasatch Advisors LP owned about 0.05% of Champion Homes worth $242,111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP raised its stake in Champion Homes by 1,149.3% in the third quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock worth $106,738,000 after buying an additional 1,285,768 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Champion Homes during the 4th quarter valued at $90,282,000. Bank of Montreal Can boosted its position in Champion Homes by 14,014.0% during the 4th quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock valued at $69,817,000 after acquiring an additional 820,378 shares in the last quarter. Bamco Inc. NY purchased a new position in shares of Champion Homes in the 4th quarter valued at $61,308,000. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Champion Homes by 566.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 639,102 shares of the company’s stock valued at $54,004,000 after acquiring an additional 543,219 shares during the period.

Champion Homes Stock Up 1.3%

Shares of SKY stock opened at $94.18 on Wednesday. The stock’s fifty day moving average price is $82.83 and its 200 day moving average price is $80.96. Champion Homes, Inc. has a 1-year low of $63.69 and a 1-year high of $99.17. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 27.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on SKY. UBS Group upped their price objective on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their target price on Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Citigroup started coverage on shares of Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Insiders Place Their Bets

In other Champion Homes news, Director Michael B. Berman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $93.22, for a total transaction of $139,830.00. Following the sale, the director owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. The trade was a 18.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Erin Claire Helgren sold 1,100 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was 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 of the company’s stock, valued at approximately $778,620. This represents a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 14,522 shares of company stock valued at $1,147,665. Insiders own 0.60% of the company’s stock.

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.