Congress Asset Management Co. Boosts Stock Holdings in Champion Homes, Inc. $SKY

Congress Asset Management Co. lifted its holdings in Champion Homes, Inc. (NYSE:SKY) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 949,549 shares of the company’s stock after purchasing an additional 26,084 shares during the period. Congress Asset Management Co. owned about 1.70% of Champion Homes worth $80,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SKY. Parkside Financial Bank & Trust increased its holdings in Champion Homes by 257.4% during the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after buying an additional 278 shares during the period. Salomon & Ludwin LLC purchased a new stake in Champion Homes during the third quarter worth $30,000. Advisory Services Network LLC bought a new stake in Champion Homes during 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 holdings in shares of Champion Homes by 33.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after acquiring an additional 215 shares during the period.

Champion Homes Trading Up 3.8%

NYSE:SKY opened at $75.32 on Tuesday. The company has a market capitalization of $4.17 billion, a P/E ratio of 20.03 and a beta of 1.02. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $99.17. The firm has a fifty day simple moving average of $87.51 and a 200-day simple moving average of $82.09.

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

Insiders Place Their Bets

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the 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 transaction, the executive vice president directly owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Barclays lifted their target price on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Finally, CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

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.