Comerica Bank grew its position in Champion Homes, Inc. (NYSE:SKY – Free Report) by 119.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,543 shares of the company’s stock after buying an additional 19,377 shares during the period. Comerica Bank’s holdings in Champion Homes were worth $3,003,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of SKY. Royal Bank of Canada raised its holdings in Champion Homes by 66.1% in the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after buying an additional 4,301 shares during the last quarter. AQR Capital Management LLC purchased a new position in Champion Homes in the first quarter worth about $294,000. Millennium Management LLC raised its holdings in Champion Homes by 712.0% in the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock worth $6,636,000 after buying an additional 61,405 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Champion Homes in the second quarter worth about $408,000. Finally, Invesco Ltd. raised its holdings in Champion Homes by 150.6% in the second quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock worth $41,016,000 after buying an additional 393,686 shares during the last quarter.
Insider Buying and Selling at Champion Homes
In other news, EVP Joseph A. Kimmell sold 2,880 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the transaction, the executive vice president directly owned 51,297 shares of the company’s stock, valued at $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on SKY
Champion Homes Stock Down 5.8%
SKY opened at $72.45 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $80.34 and a 200-day moving average price of $82.85. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 19.27 and a beta of 1.07.
Champion Homes (NYSE:SKY – Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 earnings per share 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 during the quarter, compared to analysts’ expectations of $649.40 million. During the same period in the previous year, the company earned $1.04 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts forecast that Champion Homes, Inc. will post 3.8 earnings per share for the current year.
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.
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