Vanguard Group Inc. Has $554.69 Million Stock Holdings in Champion Homes, Inc. $SKY

Key Points

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Vanguard Group Inc. lowered its position in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) by 1.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,853,600 shares of the company's stock after selling 89,392 shares during the quarter. Vanguard Group Inc. owned 10.22% of Champion Homes worth $554,687,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SKY. Envestnet Portfolio Solutions Inc. lifted its stake in Champion Homes by 5.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,336 shares of the company's stock valued at $316,000 after acquiring an additional 172 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Champion Homes by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock worth $495,000 after purchasing an additional 178 shares in the last quarter. Xponance Inc. lifted its position in shares of Champion Homes by 5.0% in the first quarter. Xponance Inc. now owns 4,048 shares of the company's stock worth $384,000 after purchasing an additional 193 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Champion Homes by 3.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,800 shares of the company's stock worth $511,000 after purchasing an additional 200 shares during the last quarter. Finally, Portside Wealth Group LLC grew its position in Champion Homes by 7.4% in the first quarter. Portside Wealth Group LLC now owns 3,567 shares of the company's stock valued at $314,000 after purchasing an additional 246 shares in the last quarter.

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 3,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $66.03, for a total value of $198,090.00. Following the completion of the transaction, the executive vice president owned 44,568 shares of the company's stock, valued at $2,942,825.04. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company's stock.

Champion Homes Stock Performance

Shares of NYSE SKY traded up $1.57 during mid-day trading on Tuesday, reaching $75.24. 142,944 shares of the company were exchanged, compared to its average volume of 643,901. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $116.49. The stock has a market capitalization of $4.25 billion, a P/E ratio of 20.08 and a beta of 1.13. The company's 50-day simple moving average is $65.43 and its 200-day simple moving average is $81.26. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02.

Champion Homes (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.31. The business had revenue of $701.32 million for the quarter, compared to analyst estimates of $642.18 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. Champion Homes's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. As a group, research analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Champion Homes announced that its Board of Directors has approved a share buyback plan on Friday, May 30th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Champion Homes from $72.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Zelman & Associates upgraded Champion Homes from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Finally, Royal Bank Of Canada upped their price target on shares of Champion Homes from $82.00 to $85.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Champion Homes currently has a consensus rating of "Hold" and a consensus target price of $86.00.

Champion Homes Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.