SG Americas Securities LLC Increases Stake in Champion Homes, Inc. $SKY

SG Americas Securities LLC lifted its position in Champion Homes, Inc. (NYSE:SKY) by 56.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,723 shares of the company’s stock after purchasing an additional 7,854 shares during the period. SG Americas Securities LLC’s holdings in Champion Homes were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its stake 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 valued at $366,619,000 after purchasing an additional 333,666 shares in the last quarter. State Street Corp grew its stake in Champion Homes by 4.0% during the 2nd quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after acquiring an additional 98,659 shares in the last quarter. Capital Research Global Investors grew its position in shares of Champion Homes by 1.1% in the third quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock valued at $134,593,000 after purchasing an additional 19,784 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Champion Homes by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,655,633 shares of the company’s stock valued at $139,904,000 after buying an additional 125,114 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Champion Homes by 7.0% during the third quarter. Ameriprise Financial Inc. now owns 1,411,351 shares of the company’s stock worth $107,785,000 after purchasing an additional 91,989 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SKY. UBS Group assumed coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Zacks Research cut shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Barclays decreased their price target on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. Finally, Royal Bank Of Canada dropped their price objective on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Price Performance

Shares of SKY opened at $85.21 on Friday. Champion Homes, Inc. has a fifty-two week low of $60.13 and a fifty-two week high of $99.17. The firm has a 50-day simple moving average of $76.69 and a 200-day simple moving average of $81.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 23.28 and a beta of 1.00.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%.The company had revenue of $621.28 million for the quarter, compared to the consensus estimate of $607.39 million. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 15.2% on a year-over-year basis. On average, equities research analysts anticipate that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 7,922 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the sale, the executive vice president directly owned 36,118 shares of the company’s stock, valued at $2,734,132.60. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Champion Homes 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.