B. Metzler seel. Sohn & Co. AG Invests $5.47 Million in Champion Homes, Inc. $SKY

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Champion Homes, Inc. (NYSE:SKY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 62,027 shares of the company’s stock, valued at approximately $5,466,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after purchasing an additional 138 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Champion Homes by 16.8% during the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after buying an additional 144 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Champion Homes by 4.7% during the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after buying an additional 161 shares in the last quarter. Mirador Capital Partners LP raised its position in shares of Champion Homes by 0.3% in the second quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock valued at $4,554,000 after buying an additional 178 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Champion Homes by 0.4% in the first quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock valued at $3,544,000 after buying an additional 184 shares during the last quarter.

Insider Buying and Selling at Champion Homes

In related news, Director Michael B. Berman sold 1,500 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the sale, the director directly owned 6,825 shares of the company’s stock, valued at $636,226.50. This represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph A. Kimmell sold 4,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the transaction, the executive vice president directly owned 32,118 shares in the company, valued at $2,438,077.38. The trade was a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,522 shares of company stock worth $1,147,665 in the last 90 days. 0.60% of the stock is owned by corporate insiders.

Champion Homes Price Performance

SKY opened at $90.44 on Friday. Champion Homes, Inc. has a twelve month low of $63.69 and a twelve month high of $99.17. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 26.37 and a beta of 1.01. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $85.46 and a 200 day simple moving average of $81.32.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The firm had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. During the same quarter in the previous year, the business posted $1.19 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. UBS Group raised their price objective on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Citigroup began coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Finally, Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

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.