Burgundy Asset Management Ltd. Increases Stake in Champion Homes, Inc. $SKY

Burgundy Asset Management Ltd. increased its stake in Champion Homes, Inc. (NYSE:SKY) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 844,413 shares of the company’s stock after acquiring an additional 9,237 shares during the period. Burgundy Asset Management Ltd. owned approximately 1.51% of Champion Homes worth $63,719,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Champion Homes by 4.0% in the 2nd quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after purchasing an additional 98,659 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Champion Homes by 6.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,870 shares of the company’s stock worth $129,532,000 after buying an additional 122,895 shares during the period. American Century Companies Inc. boosted its holdings in Champion Homes by 50.8% in the second quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock valued at $121,804,000 after acquiring an additional 655,505 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Champion Homes by 7.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company’s stock valued at $116,877,000 after acquiring an additional 104,217 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Champion Homes by 11.8% during the second quarter. Ameriprise Financial Inc. now owns 1,319,362 shares of the company’s stock valued at $82,605,000 after acquiring an additional 139,021 shares during the period.

Analyst Upgrades and Downgrades

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

Champion Homes Stock Performance

Shares of SKY opened at $89.68 on Thursday. The firm has a fifty day moving average of $89.87 and a 200-day moving average of $81.72. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 23.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $100.68.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 earnings per share 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 firm had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. During the same period last year, the firm posted $1.04 EPS. Champion Homes’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 1,800 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total value of $159,030.00. Following the completion of the transaction, the executive vice president directly owned 54,177 shares of the company’s stock, valued at $4,786,537.95. This represents a 3.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the sale, the vice president owned 33,230 shares in the company, valued at approximately $2,904,634.30. This represents a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

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.