Argent Capital Management LLC Has $1.80 Million Position in Champion Homes, Inc. $SKY

Argent Capital Management LLC grew its holdings in Champion Homes, Inc. (NYSE:SKY) by 40.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,164 shares of the company’s stock after purchasing an additional 6,994 shares during the period. Argent Capital Management LLC’s holdings in Champion Homes were worth $1,797,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. State of Alaska Department of Revenue grew its holdings in shares of Champion Homes by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock valued at $2,666,000 after acquiring an additional 138 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares during the last quarter. Assetmark Inc. increased its stake in shares of Champion Homes by 16.8% during the 1st 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. Mackenzie Financial Corp raised its holdings in shares of Champion Homes by 4.7% during the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after purchasing an additional 161 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Champion Homes by 0.4% in the first quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock worth $3,544,000 after buying an additional 184 shares during the last quarter.

Champion Homes Price Performance

NYSE:SKY opened at $79.74 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 firm has a market cap of $4.38 billion, a PE ratio of 21.79 and a beta of 1.00. Champion Homes, Inc. has a 12 month low of $60.13 and a 12 month high of $99.17. The company’s 50-day moving average price is $80.44 and its two-hundred day moving average price is $81.35.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The company had revenue of $621.28 million during the quarter, compared to analyst estimates of $607.39 million. During the same quarter last year, the business posted $0.65 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Champion Homes from $94.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. UBS Group began coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective on the stock. Citigroup assumed coverage on shares of Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Finally, Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

Insider Buying and Selling at Champion Homes

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the firm’s 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 completion of the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.60% 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.