Goodman Financial Corp Acquires New Shares in Champion Homes, Inc. $SKY

Goodman Financial Corp acquired a new position in Champion Homes, Inc. (NYSE:SKYFree Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 90,911 shares of the company’s stock, valued at approximately $6,761,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SKY. State of Alaska Department of Revenue increased its position in 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 purchasing an additional 138 shares during the period. UMB Bank n.a. lifted its position in shares of Champion Homes by 78.9% in 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 period. Mackenzie Financial Corp boosted its stake in shares of Champion Homes by 4.7% during the third 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. Bessemer Group Inc. boosted its stake in shares of Champion Homes by 0.4% during the first quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock valued at $3,544,000 after purchasing an additional 184 shares in the last quarter. Finally, CWM LLC increased its holdings in Champion Homes by 8.2% during the fourth quarter. CWM LLC now owns 2,608 shares of the company’s stock valued at $220,000 after buying an additional 198 shares during the period.

Champion Homes Trading Up 2.6%

NYSE:SKY opened at $85.87 on Friday. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 23.46 and a beta of 1.00. Champion Homes, Inc. has a 52 week low of $60.13 and a 52 week high of $99.17. 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 50 day moving average of $77.63 and a 200 day moving average of $81.74.

Champion Homes (NYSE:SKYGet Free Report) last released its quarterly earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. The business had revenue of $621.28 million for the quarter, compared to analyst estimates of $607.39 million. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, sell-side analysts anticipate that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total value of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares of the company’s stock, valued at $2,438,077.38. This trade represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SKY shares. Weiss Ratings downgraded shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Citigroup assumed coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Royal Bank Of Canada cut their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Barclays boosted their price target on Champion Homes from $94.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Zacks Research cut Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. One investment 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 data from MarketBeat.com, Champion Homes currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

View Our Latest Research Report on Champion Homes

About Champion Homes

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Champion Homes (NYSE:SKY)

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