Bryn Mawr Trust Advisors LLC Takes Position in Champion Homes, Inc. $SKY

Bryn Mawr Trust Advisors LLC bought a new stake in shares of Champion Homes, Inc. (NYSE:SKY) in the 2nd quarter, Holdings Channel.com reports. The firm bought 15,072 shares of the company’s stock, valued at approximately $1,328,000.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Champion Homes by 7.5% in the third quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock worth $366,619,000 after acquiring an additional 333,666 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Champion Homes by 0.4% in the 2nd quarter. Wasatch Advisors LP now owns 2,747,516 shares of the company’s stock valued at $242,111,000 after acquiring an additional 10,749 shares during the last quarter. State Street Corp boosted its position in shares of Champion Homes by 4.0% during the 2nd quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after purchasing an additional 98,659 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Champion Homes by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock valued at $129,111,000 after purchasing an additional 80,531 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Champion Homes by 7.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,411,351 shares of the company’s stock worth $107,785,000 after purchasing an additional 91,989 shares during the last quarter.

Champion Homes Trading Down 1.9%

Shares of SKY opened at $94.53 on Friday. The business’s 50-day moving average price is $84.08 and its 200 day moving average price is $81.09. The stock has a market capitalization of $5.13 billion, a P/E ratio of 27.56 and a beta of 1.01. Champion Homes, Inc. has a 1-year low of $63.69 and a 1-year high of $99.17. 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 (NYSE:SKY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The firm had revenue of $710.23 million for the quarter, compared to the consensus estimate of $701.98 million. During the same quarter in the previous year, the company earned $1.19 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Joseph A. Kimmell sold 7,922 shares of Champion Homes stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $75.70, for a total value of $599,695.40. Following the transaction, the executive vice president directly owned 36,118 shares of the company’s stock, valued at $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Erin Claire Helgren sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $104,500.00. Following the sale, the director owned 8,196 shares in the company, valued at $778,620. This represents a 11.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,522 shares of company stock worth $1,147,665 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SKY has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. UBS Group lifted their price target on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup started coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

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.