17,006 Shares in Champion Homes, Inc. $SKY Acquired by Procyon Advisors LLC

Procyon Advisors LLC purchased a new position in Champion Homes, Inc. (NYSE:SKY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,006 shares of the company’s stock, valued at approximately $1,437,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in shares of Champion Homes by 257.4% during the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after purchasing an additional 278 shares during the period. Salomon & Ludwin LLC acquired a new stake in Champion Homes in the 3rd quarter valued at $30,000. Advisory Services Network LLC acquired a new stake in Champion Homes in the 3rd quarter valued at $35,000. AdvisorNet Financial Inc bought a new stake in Champion Homes during the 3rd quarter valued at $50,000. Finally, Nisa Investment Advisors LLC increased its stake in Champion Homes by 33.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares in the last quarter.

Analyst Upgrades and Downgrades

SKY has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a research report on Friday, January 9th. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Barclays raised their price target on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $106.00.

Champion Homes Price Performance

SKY opened at $72.52 on Monday. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $99.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 19.29 and a beta of 1.02. The firm’s fifty day moving average price is $87.90 and its two-hundred day moving average price is $82.12.

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

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the sale, the executive vice president owned 51,297 shares in the company, valued at approximately $4,219,178.25. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Champion Homes 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.