Roubaix Capital LLC Buys New Stake in Champion Homes, Inc. $SKY

Roubaix Capital LLC purchased a new stake in Champion Homes, Inc. (NYSE:SKY) in the 3rd quarter, HoldingsChannel reports. The fund purchased 62,643 shares of the company’s stock, valued at approximately $4,784,000. Champion Homes accounts for approximately 2.2% of Roubaix Capital LLC’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of SKY. Parkside Financial Bank & Trust grew its stake in shares of Champion Homes by 257.4% in the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after buying an additional 278 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Champion Homes in the third quarter valued at approximately $30,000. AdvisorNet Financial Inc purchased a new stake in shares of Champion Homes during the third quarter valued at approximately $50,000. Nisa Investment Advisors LLC boosted its stake in shares of Champion Homes by 33.7% in the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Champion Homes during the 2nd quarter worth $92,000.

Champion Homes Trading Down 2.9%

NYSE:SKY opened at $90.74 on Tuesday. The company has a market capitalization of $5.02 billion, a P/E ratio of 24.13 and a beta of 1.09. The stock’s 50 day moving average price is $89.71 and its 200 day moving average price is $81.56. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $103.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.13. The business had revenue of $656.61 million during the quarter, compared to the consensus estimate of $649.40 million. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. Champion Homes’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. On average, research analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Insider Activity

In other news, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes 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 transaction, the vice president directly owned 33,230 shares in the company, valued at approximately $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 1,800 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total value of $159,030.00. Following the sale, the executive vice president owned 54,177 shares of the company’s stock, valued at approximately $4,786,537.95. The trade was a 3.22% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SKY. Barclays boosted their price target on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

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.