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

Royce & Associates LP boosted its position in shares of Champion Homes, Inc. (NYSE:SKY) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 348,094 shares of the company’s stock after buying an additional 69,696 shares during the quarter. Royce & Associates LP owned approximately 0.62% of Champion Homes worth $26,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SKY. Parkside Financial Bank & Trust grew its position in shares of Champion Homes by 257.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares during the period. Salomon & Ludwin LLC purchased a new position in Champion Homes during the third quarter worth approximately $30,000. AdvisorNet Financial Inc purchased a new position in Champion Homes during the third quarter worth approximately $50,000. Nisa Investment Advisors LLC grew its holdings in Champion Homes by 33.7% in the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Champion Homes in the second quarter valued at approximately $92,000.

Analysts Set New Price Targets

A number of analysts have recently commented on SKY shares. Barclays boosted their target price on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a research note on Friday, January 9th. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Champion Homes Stock Performance

Shares of Champion Homes stock opened at $93.39 on Monday. The firm has a market cap of $5.16 billion, a PE ratio of 24.84 and a beta of 1.02. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $103.93. The business’s fifty day simple moving average is $89.61 and its 200-day simple moving average is $81.43.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The firm had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. During the same period in the previous year, the firm earned $1.04 EPS. Champion Homes’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Insider Activity at Champion Homes

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the sale, the vice president owned 33,230 shares of the company’s stock, valued at $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total value of $159,030.00. Following the transaction, the executive vice president owned 54,177 shares in the company, valued at $4,786,537.95. This trade represents a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

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.