Assenagon Asset Management S.A. Boosts Stake in Champion Homes, Inc. $SKY

Assenagon Asset Management S.A. lifted its position in Champion Homes, Inc. (NYSE:SKY) by 168.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,808 shares of the company’s stock after purchasing an additional 72,060 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.20% of Champion Homes worth $8,768,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. 111 Capital acquired a new stake in shares of Champion Homes in the second quarter valued at approximately $390,000. Driehaus Capital Management LLC raised its position in Champion Homes by 1.9% in the 1st quarter. Driehaus Capital Management LLC now owns 387,439 shares of the company’s stock valued at $36,714,000 after purchasing an additional 7,178 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Champion Homes by 3.1% during the 2nd quarter. William Blair Investment Management LLC now owns 768,166 shares of the company’s stock worth $48,095,000 after purchasing an additional 22,833 shares during the period. Third Avenue Management LLC acquired a new stake in Champion Homes during the 2nd quarter worth $3,748,000. Finally, Nordea Investment Management AB grew its position in Champion Homes by 26.8% during the 2nd quarter. Nordea Investment Management AB now owns 117,824 shares of the company’s stock worth $7,362,000 after purchasing an additional 24,879 shares during the last quarter.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of research reports. Barclays raised shares of Champion Homes from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $79.00 to $100.00 in a report on Monday, December 8th. Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Royal Bank Of Canada raised Champion Homes from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $91.00 in a research report on Thursday, November 6th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.50.

Insider Transactions at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,800 shares of Champion Homes stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total transaction of $159,030.00. Following the completion of the sale, the executive vice president directly owned 54,177 shares in the company, valued at approximately $4,786,537.95. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president directly owned 33,230 shares in the company, valued at $2,904,634.30. This trade represents a 26.83% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 15,795 shares of company stock worth $1,372,603. 1.20% of the stock is owned by insiders.

Champion Homes Price Performance

Champion Homes stock opened at $86.89 on Friday. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $110.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.77 and a current ratio of 2.60. The business has a fifty day moving average of $79.38 and a two-hundred day moving average of $72.69. The company has a market cap of $4.85 billion, a P/E ratio of 22.57 and a beta of 1.06.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The business had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. As a group, analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

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.