Procyon Advisors LLC Makes New Investment in Champion Homes, Inc. $SKY

Procyon Advisors LLC acquired a new stake in Champion Homes, Inc. (NYSE:SKY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 17,006 shares of the company’s stock, valued at approximately $1,437,000.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Champion Homes by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock worth $366,619,000 after buying an additional 333,666 shares during the last quarter. State Street Corp grew its position in Champion Homes by 4.0% during the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after buying an additional 98,659 shares during the period. Thrivent Financial for Lutherans increased its holdings in Champion Homes by 6.3% during the second quarter. Thrivent Financial for Lutherans now owns 2,068,870 shares of the company’s stock worth $129,532,000 after buying an additional 122,895 shares during the last quarter. American Century Companies Inc. raised its position in Champion Homes by 50.8% in the second quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock worth $121,804,000 after acquiring an additional 655,505 shares during the period. Finally, Capital Research Global Investors raised its position in Champion Homes by 1.1% in the third quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock worth $134,593,000 after acquiring an additional 19,784 shares during the period.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the transaction, the executive vice president directly owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Champion Homes Price Performance

NYSE SKY opened at $72.52 on Monday. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.01 billion, a PE ratio of 19.29 and a beta of 1.02. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17. The firm’s 50-day simple moving average is $87.90 and its two-hundred day simple moving average is $82.12.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The firm had revenue of $656.61 million during the quarter, compared to the consensus estimate of $649.40 million. During the same quarter last year, the company earned $1.04 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Research analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SKY shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Barclays increased their price objective on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, CJS Securities raised Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $106.00.

Champion Homes Company Profile

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.