Rice Hall James & Associates LLC acquired a new position in shares of Champion Homes, Inc. (NYSE:SKY – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,693 shares of the company’s stock, valued at approximately $2,881,000. Rice Hall James & Associates LLC owned approximately 0.06% of Champion Homes at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Persistent Asset Partners Ltd acquired a new position in shares of Champion Homes during the second quarter valued at about $101,000. Bank of New York Mellon Corp acquired a new stake in shares of Champion Homes in the 2nd quarter worth about $29,094,000. State of Wyoming acquired a new stake in shares of Champion Homes in the 2nd quarter worth about $578,000. Clearstead Trust LLC bought a new position in Champion Homes in the 2nd quarter valued at about $44,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Champion Homes during the 2nd quarter valued at about $3,612,000.
Wall Street Analysts Forecast Growth
SKY has been the subject of a number of analyst reports. Barclays increased their price target on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Citigroup started coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. UBS Group upped their target price on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.
Champion Homes Stock Down 2.4%
SKY stock opened at $91.01 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 26.53 and a beta of 1.01. Champion Homes, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $99.17. The stock has a fifty day moving average of $84.71 and a 200-day moving average of $81.12.
Champion Homes (NYSE:SKY – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The business had revenue of $710.23 million for the quarter, compared to analysts’ expectations of $701.98 million. During the same quarter in the previous year, the firm posted $1.19 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current year.
Insider Activity
In other news, Director Erin Claire Helgren sold 1,100 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $104,500.00. Following the transaction, the director owned 8,196 shares of the company’s stock, valued at approximately $778,620. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael B. Berman sold 1,500 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $93.22, for a total value of $139,830.00. Following the completion of the sale, the director owned 6,825 shares in the company, valued at $636,226.50. This trade represents a 18.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,522 shares of company stock worth $1,147,665 in the last three months. Corporate insiders own 0.60% of the company’s stock.
About Champion Homes
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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