Rockefeller Capital Management L.P. Acquires 70,760 Shares of Champion Homes, Inc. $SKY

Rockefeller Capital Management L.P. increased its holdings in Champion Homes, Inc. (NYSE:SKY) by 49,831.0% during the fourth quarter, HoldingsChannel reports. The fund owned 70,902 shares of the company’s stock after acquiring an additional 70,760 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Champion Homes were worth $5,991,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SKY. UMB Bank n.a. boosted its stake in Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after purchasing an additional 138 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Champion Homes in the fourth quarter worth approximately $26,000. Kestra Advisory Services LLC bought a new position in shares of Champion Homes in the fourth quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in shares of Champion Homes in the third quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Champion Homes by 258.3% during the fourth quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock valued at $47,000 after buying an additional 403 shares during the last quarter.

Champion Homes Stock Performance

Shares of Champion Homes stock opened at $88.79 on Friday. The business’s fifty day simple moving average is $76.19 and its 200 day simple moving average is $82.02. The firm has a market capitalization of $4.87 billion, a P/E ratio of 24.26 and a beta of 1.04. Champion Homes, Inc. has a 12 month low of $60.13 and a 12 month high of $99.17. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. As a group, analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current year.

Analyst Ratings Changes

SKY has been the subject of a number of analyst reports. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. UBS Group assumed coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. Royal Bank Of Canada reduced their target price on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Weiss Ratings downgraded shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Finally, Citigroup started coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total value of $303,640.00. Following the transaction, the executive vice president directly owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. The trade was a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.

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.