12,769 Shares in Champion Homes, Inc. $SKY Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in shares of Champion Homes, Inc. (NYSE:SKY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,769 shares of the company’s stock, valued at approximately $1,142,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SKY. BlackRock Inc. bought a new stake in Champion Homes in the 2nd quarter worth $794,354,000. Wellington Management Group LLP raised its stake in shares of Champion Homes by 7.5% during the third quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock valued at $366,619,000 after acquiring an additional 333,666 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Champion Homes by 0.4% during the second quarter. Wasatch Advisors LP now owns 2,747,516 shares of the company’s stock worth $242,111,000 after purchasing an additional 10,749 shares during the period. State Street Corp boosted its holdings in shares of Champion Homes by 4.0% during the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock worth $161,477,000 after purchasing an additional 98,659 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Champion Homes by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock worth $129,111,000 after purchasing an additional 80,531 shares during the last quarter.

Analysts Set New Price Targets

SKY has been the topic of a number of research analyst reports. UBS Group boosted their price target on Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Barclays increased their price objective on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Citigroup initiated coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

Insider Buying and Selling at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the sale, the executive vice president directly owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. The trade was a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Erin Claire Helgren sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the transaction, the director owned 8,196 shares in the company, valued at $778,620. This trade represents a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 14,522 shares of company stock valued at $1,147,665. 0.60% of the stock is currently owned by corporate insiders.

Champion Homes Trading Down 1.2%

NYSE:SKY opened at $89.14 on Tuesday. The company has a 50-day moving average price of $86.56 and a 200-day moving average price of $81.64. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 25.99 and a beta of 1.01. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12 month low of $63.69 and a 12 month high of $99.17.

Champion Homes (NYSE:SKY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (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 company had revenue of $710.23 million for the quarter, compared to analysts’ expectations of $701.98 million. During the same quarter in the previous year, the company earned $1.19 earnings per share. Champion Homes’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current year.

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.