Vaughan Nelson Investment Management L.P. Acquires 66,835 Shares of Champion Homes, Inc. (NYSE:SKY)

Vaughan Nelson Investment Management L.P. increased its stake in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 473,940 shares of the company's stock after acquiring an additional 66,835 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.83% of Champion Homes worth $44,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Champion Homes by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after purchasing an additional 156,757 shares during the period. XTX Topco Ltd bought a new stake in Champion Homes during the 4th quarter valued at $712,000. Van ECK Associates Corp boosted its position in Champion Homes by 21.8% during the 4th quarter. Van ECK Associates Corp now owns 40,108 shares of the company's stock valued at $3,534,000 after buying an additional 7,184 shares during the period. GAMMA Investing LLC grew its holdings in Champion Homes by 38,372.4% in the 1st quarter. GAMMA Investing LLC now owns 96,181 shares of the company's stock worth $9,114,000 after acquiring an additional 95,931 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Champion Homes by 85.0% in the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company's stock valued at $13,372,000 after acquiring an additional 69,756 shares during the period.

Champion Homes Trading Up 0.7%

Shares of NYSE:SKY traded up $0.45 on Wednesday, hitting $60.78. The company had a trading volume of 289,213 shares, compared to its average volume of 594,631. The firm's 50-day simple moving average is $79.28 and its two-hundred day simple moving average is $90.06. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 17.76 and a beta of 1.19. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $116.49.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). The company had revenue of $593.87 million during the quarter, compared to the consensus estimate of $595.42 million. Champion Homes had a return on equity of 13.61% and a net margin of 7.99%. Champion Homes's quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Equities analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

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

About Champion Homes

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.