B. Metzler seel. Sohn & Co. AG Has $2.80 Million Stake in Champion Homes, Inc. $SKY

B. Metzler seel. Sohn & Co. AG grew its holdings in Champion Homes, Inc. (NYSE:SKY) by 48.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,639 shares of the company’s stock after acquiring an additional 11,943 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.07% of Champion Homes worth $2,798,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SKY. Parkside Financial Bank & Trust grew its position in shares of Champion Homes by 257.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after purchasing an additional 278 shares during the period. Salomon & Ludwin LLC acquired a new stake in Champion Homes during the 3rd quarter worth approximately $30,000. AdvisorNet Financial Inc acquired a new stake in Champion Homes during the 3rd quarter worth approximately $50,000. Nisa Investment Advisors LLC lifted its stake in 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 buying an additional 215 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Champion Homes in the second quarter valued at approximately $92,000.

Wall Street Analysts Forecast Growth

SKY has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Barclays upped their target price on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Finally, 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. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Insider Activity

In related news, EVP Joseph A. Kimmell sold 2,880 shares of Champion Homes stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the sale, the executive vice president owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of the company’s 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 sale, the vice president owned 33,230 shares in the company, valued at $2,904,634.30. The trade was a 26.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,863 shares of company stock worth $1,460,826 over the last three months. Insiders own 1.20% of the company’s stock.

Champion Homes Price Performance

Shares of SKY opened at $79.97 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The stock has a market capitalization of $4.42 billion, a P/E ratio of 21.27 and a beta of 1.02. The company has a 50 day moving average of $89.75 and a 200-day moving average of $82.02.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. The business had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. As a group, equities research analysts forecast that Champion Homes, Inc. will post 3.63 EPS 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.