Deutsche Bank AG Takes $5.32 Million Position in Champion Homes, Inc. $SKY

Deutsche Bank AG bought a new position in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 60,390 shares of the company's stock, valued at approximately $5,322,000. Deutsche Bank AG owned about 0.11% of Champion Homes as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SKY. Los Angeles Capital Management LLC acquired a new stake in Champion Homes in the fourth quarter worth $26,000. UMB Bank n.a. lifted its holdings in shares of Champion Homes by 78.9% in 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 in the last quarter. Kestra Advisory Services LLC purchased a new position in Champion Homes during the 4th quarter worth $26,000. Parallel Advisors LLC increased its stake in Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company's stock valued at $29,000 after buying an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Champion Homes during the 3rd quarter worth approximately $35,000.

Champion Homes Stock Performance

Shares of SKY opened at $91.53 on Tuesday. The firm has a market cap of $4.97 billion, a PE ratio of 26.68 and a beta of 1.01. The stock's fifty day moving average price is $85.72 and its two-hundred day moving average price is $81.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97. Champion Homes, Inc. has a 1 year low of $63.69 and a 1 year high of $99.17.

Champion Homes (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The firm 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 prior year, the firm earned $1.19 EPS. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.4 EPS for the current year.

Insider Activity

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the business's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total transaction of $599,695.40. Following the sale, the executive vice president directly owned 36,118 shares in the company, valued at approximately $2,734,132.60. The trade was a 17.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael B. Berman sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $93.22, for a total transaction of $139,830.00. Following the completion of the transaction, the director owned 6,825 shares of the company's stock, valued at $636,226.50. This trade represents a 18.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,522 shares of company stock worth $1,147,665. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SKY. Zacks Research upgraded Champion Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. Citigroup assumed 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. Barclays upped their price objective on Champion Homes from $102.00 to $109.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on Champion Homes from $92.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Champion Homes from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.00.

Champion Homes Company 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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