Bryn Mawr Trust Advisors LLC Invests $1.33 Million in Champion Homes, Inc. $SKY

Key Points

• Bryn Mawr Trust Advisors acquired 15,072 shares of Champion Homes worth approximately $1.33 million, while several other institutional investors also increased their positions.
• Analyst sentiment improved, with UBS raising its price target to $115 and Zelman & Associates upgrading the stock to “outperform.” Champion Homes holds a “Moderate Buy” consensus rating with an average target of $104.
• Champion Homes beat quarterly expectations, reporting $0.88 earnings per share on $710.23 million in revenue, though revenue rose only 1.3% year over year and insiders sold 14,522 shares over the past three months.

Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,072 shares of the company's stock, valued at approximately $1,328,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SKY. State of Alaska Department of Revenue lifted its holdings in Champion Homes by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company's stock worth $2,666,000 after acquiring an additional 138 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company's stock valued at $26,000 after purchasing an additional 138 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Champion Homes by 16.8% during the first quarter. Assetmark Inc. now owns 1,000 shares of the company's stock valued at $74,000 after purchasing an additional 144 shares during the last quarter. Mackenzie Financial Corp grew its holdings 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 during the last quarter. Finally, Mirador Capital Partners LP raised its position in shares of Champion Homes by 0.3% during the 2nd quarter. Mirador Capital Partners LP now owns 51,684 shares of the company's stock worth $4,554,000 after purchasing an additional 178 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SKY. Weiss Ratings raised Champion Homes from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. UBS Group upped their price objective on Champion Homes from $93.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Zelman & Associates raised Champion Homes from a "hold" rating to an "outperform" rating in a research report on Thursday, August 6th. Citigroup initiated coverage on Champion Homes in a research note on Friday, June 5th. They issued a "buy" rating and a $93.00 target price on the stock. Finally, Zacks Research raised shares of Champion Homes from a "strong sell" rating to a "hold" rating in a report on Monday, July 27th. One research 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, Champion Homes currently has an average rating of "Moderate Buy" and an average price target of $104.00.

Champion Homes Price Performance

NYSE SKY opened at $94.53 on Friday. The company has a 50-day moving average price of $84.08 and a two-hundred day moving average price of $81.09. Champion Homes, Inc. has a 52 week low of $63.69 and a 52 week high of $99.17. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 27.56 and a beta of 1.01. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

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

Insider Activity at Champion Homes

In other Champion Homes news, Director Michael B. Berman sold 1,500 shares of Champion Homes stock in a transaction on Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the sale, the director owned 6,825 shares of the company's stock, valued at $636,226.50. The trade was a 18.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erin Claire Helgren sold 1,100 shares of Champion Homes 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 sale, the director directly owned 8,196 shares in the company, valued at $778,620. The trade was a 11.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,522 shares of company stock worth $1,147,665 in the last three months. 0.60% of the stock is owned by company 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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