SG Americas Securities LLC Grows Stock Position in Champion Homes, Inc. $SKY

SG Americas Securities LLC raised its holdings in Champion Homes, Inc. (NYSE:SKY) by 56.6% during the 1st quarter, Holdings Channel reports. The firm owned 21,723 shares of the company’s stock after purchasing an additional 7,854 shares during the quarter. SG Americas Securities LLC’s holdings in Champion Homes were worth $1,616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SKY. UMB Bank n.a. lifted its holdings in Champion Homes by 78.9% in 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 in the last quarter. Los Angeles Capital Management LLC acquired a new position in Champion Homes in the fourth quarter valued at $26,000. Kestra Advisory Services LLC purchased a new stake in shares of Champion Homes during the 4th quarter worth about $26,000. Advisory Services Network LLC purchased a new stake in Champion Homes during the third quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. boosted its position in Champion Homes by 258.3% during the 4th quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock worth $47,000 after purchasing an additional 403 shares during the period.

Champion Homes Price Performance

NYSE:SKY opened at $85.21 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $76.69 and its 200 day moving average price is $81.99. Champion Homes, Inc. has a 52-week low of $60.13 and a 52-week high of $99.17. The firm has a market cap of $4.68 billion, a P/E ratio of 23.28 and a beta of 1.00.

Champion Homes (NYSE:SKY) last issued its earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The firm had revenue of $621.28 million during the quarter, compared to analysts’ expectations of $607.39 million. During the same period last year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of the firm’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 completion of the transaction, the executive vice president directly owned 32,118 shares in the company, valued at $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

SKY has been the subject of several recent research reports. Barclays lowered their price objective on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. UBS Group initiated coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. Zacks Research cut shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Citigroup assumed 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, 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes 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.