B. Metzler seel. Sohn & Co. AG Invests $5.47 Million in Champion Homes, Inc. $SKY

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 62,027 Champion Homes shares worth approximately $5.47 million, establishing a roughly 0.11% stake. Several other institutional investors also increased or initiated positions.
• Champion Homes reported quarterly revenue of $710.23 million and earnings of $0.88 per share, modestly exceeding analyst expectations, while revenue grew 1.3% year over year.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $104, although insiders have sold 14,522 shares worth about $1.15 million over the past 90 days.

B. Metzler seel. Sohn & Co. AG bought a new position in Champion Homes, Inc. (NYSE:SKY - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 62,027 shares of the company's stock, valued at approximately $5,466,000. B. Metzler seel. Sohn & Co. AG owned about 0.11% of Champion Homes at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Champion Homes in the second quarter valued at $794,354,000. Wasatch Advisors LP increased its stake in Champion Homes by 221.3% in the 1st quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company's stock worth $203,533,000 after buying an additional 1,885,046 shares during the period. Marshall Wace LLP lifted its holdings in Champion Homes by 1,149.3% during the 3rd quarter. Marshall Wace LLP now owns 1,397,642 shares of the company's stock valued at $106,738,000 after buying an additional 1,285,768 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Champion Homes during the 4th quarter valued at about $90,282,000. Finally, Bank of Montreal Can boosted its position in Champion Homes by 14,014.0% in the 4th quarter. Bank of Montreal Can now owns 826,232 shares of the company's stock valued at $69,817,000 after buying an additional 820,378 shares during the period.

Champion Homes Trading Up 0.5%

NYSE SKY opened at $90.44 on Friday. Champion Homes, Inc. has a one year low of $63.69 and a one year high of $99.17. The firm has a 50 day simple moving average of $85.46 and a 200-day simple moving average of $81.32. 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 firm has a market cap of $4.91 billion, a price-to-earnings ratio of 26.37 and a beta of 1.01.

Champion Homes (NYSE:SKY - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The firm had revenue of $710.23 million for the quarter, compared to analysts' expectations of $701.98 million. During the same quarter last year, the company earned $1.19 earnings per share. The firm's revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays raised their price target on Champion Homes from $102.00 to $109.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. UBS Group upped their price target on shares of Champion Homes from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Zacks Research upgraded Champion Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Royal Bank Of Canada boosted their price objective on Champion Homes from $92.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Finally, Citigroup began coverage on Champion Homes in a research report on Friday, June 5th. They issued a "buy" rating and a $93.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Champion Homes has an average rating of "Moderate Buy" and an average target price of $104.00.

Insiders Place Their Bets

In other news, Director Erin Claire Helgren sold 1,100 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph A. Kimmell sold 7,922 shares of Champion Homes stock in a transaction on Friday, June 5th. The shares were sold at an average price of $75.70, for a total transaction of $599,695.40. Following the completion of the transaction, the executive vice president directly owned 36,118 shares in the company, valued at $2,734,132.60. The trade was a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,522 shares of company stock valued at $1,147,665. 0.60% of the stock is currently owned by insiders.

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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