Burgundy Asset Management Ltd. Increases Stake in Champion Homes, Inc. $SKY

Burgundy Asset Management Ltd. increased its holdings in Champion Homes, Inc. (NYSE:SKY) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 835,176 shares of the company’s stock after acquiring an additional 22,972 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 1.48% of Champion Homes worth $52,290,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Champion Homes by 10,171.4% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after purchasing an additional 712 shares during the period. Byrne Asset Management LLC bought a new stake in Champion Homes during the 2nd quarter valued at $48,000. Blue Trust Inc. increased its holdings in shares of Champion Homes by 49.8% in the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock valued at $56,000 after acquiring an additional 299 shares during the period. AlphaQuest LLC increased its holdings in shares of Champion Homes by 1,231.3% in the 1st quarter. AlphaQuest LLC now owns 852 shares of the company’s stock valued at $81,000 after acquiring an additional 788 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Champion Homes by 2,030.8% in the 2nd quarter. Fifth Third Bancorp now owns 2,770 shares of the company’s stock worth $173,000 after acquiring an additional 2,640 shares in the last quarter.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,812 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $82.04, for a total value of $148,656.48. Following the transaction, the executive vice president directly owned 55,977 shares of the company’s stock, valued at approximately $4,592,353.08. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Champion Homes Stock Up 2.1%

NYSE:SKY opened at $85.23 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $116.49. The company has a market cap of $4.76 billion, a PE ratio of 22.14 and a beta of 1.06. The company’s 50 day moving average is $76.35 and its two-hundred day moving average is $71.78.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.81 by $0.20. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. The business had revenue of $684.43 million during the quarter, compared to the consensus estimate of $636.96 million. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SKY. Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Barclays raised their target price on shares of Champion Homes from $74.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada raised Champion Homes from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $85.00 to $91.00 in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.00.

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.