Champion Homes, Inc. $SKY Holdings Raised by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,500 shares of the company’s stock after buying an additional 800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Champion Homes were worth $720,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its stake in Champion Homes by 67.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock worth $162,652,000 after acquiring an additional 689,265 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Champion Homes by 63.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock worth $95,484,000 after buying an additional 392,159 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in Champion Homes by 6.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 812,204 shares of the company’s stock valued at $76,964,000 after purchasing an additional 51,853 shares in the last quarter. Congress Asset Management Co. increased its stake in shares of Champion Homes by 11.2% in the 2nd quarter. Congress Asset Management Co. now owns 735,854 shares of the company’s stock valued at $46,072,000 after buying an additional 74,276 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Champion Homes by 2.3% in 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 last quarter.

Insider Buying and Selling

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 completion of the sale, the executive vice president directly owned 43,568 shares of the company’s stock, valued at $2,842,376.32. The trade was a 2.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on SKY shares. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Barclays upped their price objective on Champion Homes from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Royal Bank Of Canada upped their target price on Champion Homes from $82.00 to $85.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Champion Homes has a consensus rating of “Hold” and a consensus price target of $86.00.

Champion Homes Stock Performance

NYSE SKY opened at $70.80 on Friday. 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 fifty day simple moving average of $73.35 and a 200 day simple moving average of $73.92. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $116.49. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.83 and a beta of 1.16.

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

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.