397,530 Shares in Champion Homes, Inc. $SKY Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the second quarter, HoldingsChannel.com reports. The firm bought 397,530 shares of the company’s stock, valued at approximately $35,030,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in shares of Champion Homes by 66.1% during 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 during the period. AQR Capital Management LLC purchased a new position in 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. Hsbc Holdings PLC purchased a new position in Champion Homes in the second quarter valued at $408,000. Finally, Invesco Ltd. grew its stake in Champion Homes by 150.6% during the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock worth $41,016,000 after purchasing an additional 393,686 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SKY shares. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Royal Bank Of Canada boosted their price objective on Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Citigroup began coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Champion Homes presently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Champion Homes Stock Performance

Shares of SKY stock opened at $90.44 on Friday. The company has a market cap of $4.91 billion, a P/E ratio of 26.37 and a beta of 1.01. The firm has a fifty day moving average price of $85.46 and a 200 day moving average price of $81.32. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12 month low of $63.69 and a 12 month high of $99.17.

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

Insider Activity

In other news, EVP Joseph A. Kimmell sold 7,922 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the transaction, the executive vice president owned 36,118 shares in the company, valued at approximately $2,734,132.60. This represents a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael B. Berman sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $93.22, for a total value of $139,830.00. Following the sale, the director directly owned 6,825 shares in the company, valued at $636,226.50. This trade represents a 18.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 14,522 shares of company stock worth $1,147,665. 0.60% of the stock is currently owned by insiders.

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.