Peregrine Capital Management LLC Has $11.95 Million Stock Holdings in Champion Homes, Inc. $SKY

Peregrine Capital Management LLC cut its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,520 shares of the company’s stock after selling 10,761 shares during the period. Peregrine Capital Management LLC owned approximately 0.28% of Champion Homes worth $11,953,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new stake in shares of Champion Homes during the third quarter worth about $30,000. AdvisorNet Financial Inc acquired a new stake in Champion Homes during the 3rd quarter worth approximately $50,000. Caitong International Asset Management Co. Ltd lifted its stake in Champion Homes by 10,171.4% in the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock valued at $45,000 after buying an additional 712 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Champion Homes during the second quarter worth $48,000. Finally, Blue Trust Inc. boosted its stake in Champion Homes by 49.8% in the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after purchasing an additional 299 shares during the period.

Champion Homes Trading Up 4.3%

Shares of SKY opened at $90.87 on Friday. The business has a 50-day moving average of $83.19 and a 200 day moving average of $74.83. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $110.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.77 and a current ratio of 2.60. The firm has a market cap of $5.08 billion, a P/E ratio of 23.60 and a beta of 1.08.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.20. The business had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, research analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SKY. CJS Securities upgraded shares of Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Barclays upgraded Champion Homes from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $79.00 to $100.00 in a research note on Monday, December 8th. Royal Bank Of Canada raised Champion Homes from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $85.00 to $91.00 in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, October 8th. Finally, Zelman & Associates raised shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Champion Homes presently has an average rating of “Moderate Buy” and an average price target of $95.50.

Insider Buying and Selling at Champion Homes

In related news, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the completion of the transaction, the vice president directly owned 33,230 shares in the company, valued at approximately $2,904,634.30. The trade was a 26.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total transaction of $159,030.00. Following the sale, the executive vice president owned 54,177 shares in the company, valued at approximately $4,786,537.95. The trade was a 3.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,795 shares of company stock worth $1,372,603 over the last ninety days. 1.20% of the stock is currently owned by insiders.

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.