Charles Schwab Investment Management Inc. Has $66.15 Million Holdings in Champion Homes, Inc. (NYSE:SKY)

Charles Schwab Investment Management Inc. lifted its holdings in Champion Homes, Inc. (NYSE:SKY) by 2.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 698,052 shares of the company’s stock after acquiring an additional 15,793 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.22% of Champion Homes worth $66,147,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Champion Homes by 306.0% in the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock valued at $96,000 after acquiring an additional 765 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Champion Homes by 142.2% in the first quarter. Oppenheimer & Co. Inc. now owns 7,394 shares of the company’s stock valued at $701,000 after acquiring an additional 4,341 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Champion Homes by 2.3% in the first quarter. Principal Financial Group Inc. now owns 262,811 shares of the company’s stock valued at $24,904,000 after acquiring an additional 5,887 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Champion Homes by 3.4% in the first quarter. New York State Teachers Retirement System now owns 12,300 shares of the company’s stock valued at $1,166,000 after acquiring an additional 400 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Champion Homes by 4.3% in the first quarter. Bessemer Group Inc. now owns 244,149 shares of the company’s stock valued at $23,136,000 after acquiring an additional 10,107 shares in the last quarter.

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 1,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $65.24, for a total value of $65,240.00. Following the sale, the executive vice president directly owned 43,568 shares in the company, valued at approximately $2,842,376.32. The trade was a 2.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Champion Homes Price Performance

Shares of SKY opened at $73.49 on Friday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49. The business’s fifty day moving average is $65.08 and its 200 day moving average is $81.64. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.15 billion, a P/E ratio of 19.54 and a beta of 1.13.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.31. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%. The business had revenue of $701.32 million for the quarter, compared to analysts’ expectations of $642.18 million. During the same period last year, the business earned $0.91 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Champion Homes declared that its Board of Directors has approved a stock buyback program on Friday, May 30th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently weighed in on SKY. Zelman & Associates raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. Barclays upped their price objective on shares of Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada upped their price objective on shares of Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Champion Homes currently has a consensus rating of “Hold” and a consensus price target of $86.00.

About Champion Homes

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.