Natixis Advisors LLC Has $8.79 Million Stock Holdings in Champion Homes, Inc. (NYSE:SKY)

Key Points

• Natixis Advisors LLC increased its stake in Champion Homes, Inc. by 10.6%, owning approximately 0.16% of the company valued at $8.79 million after purchasing an additional 8,869 shares.
• Champion Homes recently reported $1.19 earnings per share for the last quarter, exceeding analysts' expectations of $0.88 and representing an 11.7% increase in revenue year-over-year.
• The company has authorized a $50 million stock repurchase program, indicating management's belief that its stock is undervalued.

Natixis Advisors LLC grew its holdings in Champion Homes, Inc. (NYSE:SKY - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,776 shares of the company's stock after acquiring an additional 8,869 shares during the period. Natixis Advisors LLC owned about 0.16% of Champion Homes worth $8,791,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Champion Homes by 306.0% in the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company's stock valued at $96,000 after acquiring an additional 765 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Champion Homes by 142.2% during the first quarter. Oppenheimer & Co. Inc. now owns 7,394 shares of the company's stock worth $701,000 after acquiring an additional 4,341 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Champion Homes by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 262,811 shares of the company's stock valued at $24,904,000 after purchasing an additional 5,887 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Champion Homes by 3.4% in the 1st quarter. New York State Teachers Retirement System now owns 12,300 shares of the company's stock valued at $1,166,000 after acquiring an additional 400 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Champion Homes by 4.3% in the 1st quarter. Bessemer Group Inc. now owns 244,149 shares of the company's stock valued at $23,136,000 after acquiring an additional 10,107 shares during the period.

Champion Homes Stock Down 2.7%

SKY stock traded down $1.80 during trading hours on Friday, hitting $65.70. The company's stock had a trading volume of 222,302 shares, compared to its average volume of 638,247. The company has a quick ratio of 1.61, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $64.58 and a two-hundred day moving average price of $82.34. The company has a market capitalization of $3.76 billion, a PE ratio of 17.47 and a beta of 1.13. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $116.49.

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

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SKY shares. Barclays lifted 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 note on Thursday. Royal Bank Of Canada boosted their target price on shares of Champion Homes from $82.00 to $85.00 and gave the company a "sector perform" rating in a research note on Thursday. Finally, Zelman & Associates upgraded shares of Champion Homes from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $86.00.

Champion Homes 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.