MRA Advisory Group Invests $576,000 in Champion Homes, Inc. $SKY

MRA Advisory Group purchased a new position in Champion Homes, Inc. (NYSE:SKY) during the second quarter, HoldingsChannel reports. The firm purchased 6,536 shares of the company’s stock, valued at approximately $576,000.

Several other institutional investors also recently bought and sold shares of the company. Byrne Asset Management LLC increased its stake in Champion Homes by 36.1% during the 2nd quarter. Byrne Asset Management LLC now owns 3,796 shares of the company’s stock valued at $335,000 after purchasing an additional 1,006 shares in the last quarter. Mirador Capital Partners LP lifted its stake in shares of Champion Homes by 0.3% in the second quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock worth $4,554,000 after buying an additional 178 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Champion Homes by 7.1% during the second quarter. Central Pacific Bank Trust Division now owns 5,113 shares of the company’s stock valued at $451,000 after buying an additional 340 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Champion Homes by 8.8% during the first quarter. Empowered Funds LLC now owns 9,369 shares of the company’s stock valued at $697,000 after buying an additional 755 shares during the last quarter. Finally, Militia Capital Management LLC bought a new stake in shares of Champion Homes during the first quarter valued at approximately $1,398,000.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president directly owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Champion Homes Trading Up 3.6%

Shares of NYSE:SKY opened at $94.78 on Friday. The stock’s 50-day simple moving average is $81.99 and its two-hundred day simple moving average is $81.09. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 27.63 and a beta of 1.01. Champion Homes, Inc. has a 52-week low of $63.69 and a 52-week high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.74.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The firm had revenue of $710.23 million during the quarter, compared to analyst estimates of $701.98 million. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. Analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SKY. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Citigroup initiated coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. UBS Group lifted their target price on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada boosted their price target on Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.