Bryn Mawr Trust Advisors LLC Makes New Investment in Champion Homes, Inc. $SKY

Bryn Mawr Trust Advisors LLC bought a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,753 shares of the company’s stock, valued at approximately $1,050,000.

A number of other large investors have also recently modified their holdings of SKY. CWM LLC increased its holdings in Champion Homes by 7.0% during the 3rd quarter. CWM LLC now owns 2,410 shares of the company’s stock worth $184,000 after purchasing an additional 157 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Champion Homes by 5.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock worth $220,000 after buying an additional 183 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Champion Homes by 33.7% during the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after buying an additional 215 shares during the period. Arizona State Retirement System increased its stake in shares of Champion Homes by 1.4% during the third quarter. Arizona State Retirement System now owns 16,103 shares of the company’s stock valued at $1,230,000 after buying an additional 224 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in shares of Champion Homes by 3.7% in the second quarter. Arkadios Wealth Advisors now owns 6,638 shares of the company’s stock valued at $416,000 after acquiring an additional 238 shares in the last quarter.

Champion Homes Price Performance

Shares of SKY opened at $78.24 on Friday. The company has a 50 day moving average of $87.72 and a two-hundred day moving average of $77.88. The company has a quick ratio of 1.77, a current ratio of 2.60 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 $110.00. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 20.32 and a beta of 1.08.

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

Insider Activity

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the sale, the vice president directly owned 33,230 shares in the company, valued at approximately $2,904,634.30. This trade represents a 26.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 1,812 shares of the business’s 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 sale, the executive vice president owned 55,977 shares in the company, valued at $4,592,353.08. The trade was a 3.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,795 shares of company stock worth $1,372,603 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. Barclays upped their price target on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, CJS Securities upgraded Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Champion Homes currently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

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.