Rockefeller Capital Management L.P. Buys 70,760 Shares of Champion Homes, Inc. $SKY

Rockefeller Capital Management L.P. grew its stake in Champion Homes, Inc. (NYSE:SKY) by 49,831.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,902 shares of the company’s stock after buying an additional 70,760 shares during the period. Rockefeller Capital Management L.P. owned 0.13% of Champion Homes worth $5,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Champion Homes by 7.5% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company’s stock worth $50,700,000 after purchasing an additional 46,555 shares during the period. Comerica Bank increased its position in shares of Champion Homes by 119.9% during the fourth quarter. Comerica Bank now owns 35,543 shares of the company’s stock worth $3,003,000 after buying an additional 19,377 shares during the period. Kingdon Capital Management L.L.C. bought a new position in Champion Homes during the third quarter worth $11,456,000. Roubaix Capital LLC bought a new position in Champion Homes during the third quarter worth $4,784,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Champion Homes by 7.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company’s stock valued at $116,877,000 after buying an additional 104,217 shares during the period.

Champion Homes Price Performance

Shares of NYSE SKY opened at $88.79 on Friday. The firm has a market capitalization of $4.87 billion, a P/E ratio of 24.26 and a beta of 1.04. The firm’s 50-day moving average price is $76.19 and its 200-day moving average price is $82.02. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 1-year low of $60.13 and a 1-year high of $99.17.

Champion Homes (NYSE:SKY) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. Equities research analysts anticipate that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Joseph A. Kimmell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares in the company, valued at $2,438,077.38. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SKY. UBS Group initiated coverage on shares of Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 price target on the stock. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Citigroup assumed coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Finally, Royal Bank Of Canada cut their price target 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 research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

About Champion Homes

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.