Legal & General Group Plc bought a new position in Champion Homes, Inc. (NYSE:SKY - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 126,823 shares of the company's stock, valued at approximately $11,176,000. Legal & General Group Plc owned about 0.23% of Champion Homes at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its position in shares of Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company's stock worth $26,000 after purchasing an additional 138 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Champion Homes during the 4th quarter valued at about $26,000. Kestra Advisory Services LLC bought a new stake in Champion Homes during the 4th quarter valued at about $26,000. Parallel Advisors LLC increased its stake in Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company's stock valued at $29,000 after purchasing an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Champion Homes in the third quarter worth about $35,000.
Wall Street Analyst Weigh In
SKY has been the topic of a number of recent analyst reports. Zelman & Associates upgraded shares of Champion Homes from a "hold" rating to an "outperform" rating in a report on Thursday, August 6th. Barclays boosted their price objective on shares of Champion Homes from $102.00 to $109.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Royal Bank Of Canada upped their price objective on Champion Homes from $92.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. UBS Group increased their target price on Champion Homes from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Zacks Research raised Champion Homes from a "strong sell" rating to a "hold" rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Champion Homes presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.00.
Read Our Latest Stock Report on SKY
Champion Homes Stock Performance
Shares of NYSE SKY opened at $89.14 on Tuesday. The firm's 50-day moving average price is $86.56 and its 200-day moving average price is $81.64. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.84 billion, a PE ratio of 25.99 and a beta of 1.01. Champion Homes, Inc. has a 52-week low of $63.69 and a 52-week high of $99.17.
Champion Homes (NYSE:SKY - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $710.23 million during the quarter, compared to analysts' expectations of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. As a group, analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current year.
Insiders Place Their Bets
In other Champion Homes news, Director Erin Claire Helgren sold 1,100 shares of Champion Homes stock in a transaction that occurred 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 completion of the sale, the director owned 8,196 shares of the company's stock, valued at approximately $778,620. The trade was a 11.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael B. Berman sold 1,500 shares of the business's stock in a transaction 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 sale, the director owned 6,825 shares of the company's stock, valued at approximately $636,226.50. This represents a 18.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 14,522 shares of company stock valued at $1,147,665. Company insiders own 0.60% of the company's stock.
Champion Homes Company Profile
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Free Report)
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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