Natixis Advisors LLC Purchases 8,869 Shares of Champion Homes, Inc. (NYSE:SKY)

Natixis Advisors LLC boosted its position in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) by 10.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,776 shares of the company's stock after purchasing an additional 8,869 shares during the quarter. Natixis Advisors LLC owned about 0.16% of Champion Homes worth $8,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SKY. LPL Financial LLC grew its position in shares of Champion Homes by 11.6% during the 4th quarter. LPL Financial LLC now owns 3,685 shares of the company's stock worth $325,000 after buying an additional 384 shares during the period. JPMorgan Chase & Co. grew its position in shares of Champion Homes by 120.3% during the 4th quarter. JPMorgan Chase & Co. now owns 280,396 shares of the company's stock worth $24,703,000 after buying an additional 153,089 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Champion Homes by 21.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,653 shares of the company's stock worth $762,000 after buying an additional 1,508 shares during the period. Headlands Technologies LLC acquired a new position in shares of Champion Homes during the 4th quarter worth about $108,000. Finally, Wells Fargo & Company MN grew its position in shares of Champion Homes by 6.1% during the 4th quarter. Wells Fargo & Company MN now owns 128,570 shares of the company's stock worth $11,327,000 after buying an additional 7,415 shares during the period.

Champion Homes Price Performance

Shares of SKY opened at $65.42 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 2.41. The stock has a 50 day simple moving average of $64.55 and a 200 day simple moving average of $82.70. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $116.49. The firm has a market capitalization of $3.75 billion, a PE ratio of 19.13 and a beta of 1.13.

Champion Homes (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). Champion Homes had a return on equity of 13.61% and a net margin of 7.99%. The firm had revenue of $593.87 million for the quarter, compared to analyst estimates of $595.42 million. During the same period last year, the company earned $0.62 EPS. The company's revenue was up .7% compared to the same quarter last year. Sell-side analysts predict that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Champion Homes declared that its board has authorized a share repurchase program on Friday, May 30th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

SKY has been the subject of several analyst reports. Zelman & Associates upgraded Champion Homes from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Barclays decreased their price objective on Champion Homes from $97.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada decreased their price objective on Champion Homes from $96.00 to $82.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.60.

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.

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