Champion Homes, Inc. $SKY Shares Bought by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. raised its holdings in Champion Homes, Inc. (NYSE:SKY) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 835,176 shares of the company’s stock after acquiring an additional 22,972 shares during the period. Burgundy Asset Management Ltd.’s holdings in Champion Homes were worth $52,290,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SKY. New Age Alpha Advisors LLC grew its holdings in Champion Homes by 35.3% during the first quarter. New Age Alpha Advisors LLC now owns 2,699 shares of the company’s stock worth $256,000 after acquiring an additional 704 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Champion Homes by 2.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 698,052 shares of the company’s stock worth $66,147,000 after purchasing an additional 15,793 shares during the period. Citigroup Inc. increased its holdings in shares of Champion Homes by 15.5% during the 1st quarter. Citigroup Inc. now owns 125,657 shares of the company’s stock valued at $11,907,000 after purchasing an additional 16,876 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Champion Homes by 11.3% in the 1st quarter. Townsquare Capital LLC now owns 39,155 shares of the company’s stock valued at $3,710,000 after purchasing an additional 3,970 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Champion Homes in the 1st quarter valued at $13,736,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of Champion Homes from $74.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Zelman & Associates upgraded Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Royal Bank Of Canada raised Champion Homes from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $85.00 to $91.00 in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.00.

Insider Transactions at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,812 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $82.04, for a total transaction of $148,656.48. Following the completion of the sale, the executive vice president owned 55,977 shares of the company’s stock, valued at $4,592,353.08. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Champion Homes Trading Up 2.1%

SKY stock opened at $85.23 on Friday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49. The business’s 50-day moving average is $76.35 and its 200 day moving average is $71.78. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 22.14 and a beta of 1.06.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.20. The business had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. On average, sell-side analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Champion Homes Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.