Champion Homes, Inc. $SKY Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 378,809 shares of the company’s stock after acquiring an additional 20,607 shares during the quarter. Royce & Associates LP owned 0.70% of Champion Homes worth $32,464,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in Champion Homes by 668.6% in the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the period. Clearstead Trust LLC purchased a new stake in shares of Champion Homes during the second quarter valued at $44,000. Versant Capital Management Inc boosted its stake in shares of Champion Homes by 80.3% during the third quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $46,000 after purchasing an additional 241 shares during the period. Jacobi Capital Management LLC bought a new position in shares of Champion Homes in the third quarter worth about $62,000. Finally, Assetmark Inc. grew its holdings in shares of Champion Homes by 16.8% in the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 144 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SKY. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, November 4th. Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. Oppenheimer initiated coverage on shares of Champion Homes in a research report on Wednesday, September 30th. They set a “market perform” rating on the stock. Finally, UBS Group lifted their price target on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Champion Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

Champion Homes Stock Up 0.3%

Shares of SKY stock traded up $0.31 during mid-day trading on Friday, hitting $92.60. The stock had a trading volume of 395,531 shares, compared to its average volume of 723,392. Champion Homes, Inc. has a 12-month low of $63.87 and a 12-month high of $99.17. The firm has a market capitalization of $4.98 billion, a P/E ratio of 27.48 and a beta of 1.03. The firm’s 50-day moving average is $84.59 and its two-hundred day moving average is $82.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 1.88.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $727.03 million for the quarter, compared to the consensus estimate of $719.71 million. Champion Homes had a return on equity of 12.17% and a net margin of 6.84%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS. On average, analysts predict that Champion Homes, Inc. will post 3.34 earnings per share for the current fiscal year.

About Champion Homes

Champion Homes, Inc. (NYSE: SKY) designs and builds factory-produced homes and buildings. Its offerings include manufactured and modular homes, park model recreational vehicles, and buildings for commercial and institutional uses. The company sells through a network of independent retailers and builders, as well as company-owned retail locations. The company serves customers across the United States and western Canada. Its factory-built approach allows homes and buildings to be constructed in controlled environments and then transported to their sites for installation.