Legal & General Group Plc Invests $11.18 Million in Champion Homes, Inc. $SKY

Legal & General Group Plc bought a new stake in shares of Champion Homes, Inc. (NYSE:SKY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 126,823 shares of the company’s stock, valued at approximately $11,176,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SKY. Royal Bank of Canada grew its position in shares of Champion Homes by 66.1% during the 1st quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock valued at $1,024,000 after acquiring an additional 4,301 shares during the period. AQR Capital Management LLC bought a new position in Champion Homes in the 1st quarter worth $294,000. Millennium Management LLC raised its holdings in Champion Homes by 712.0% in the 1st quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock worth $6,636,000 after purchasing an additional 61,405 shares during the period. Hsbc Holdings PLC purchased a new position in Champion Homes during the second quarter valued at $408,000. Finally, Invesco Ltd. lifted its position in Champion Homes by 150.6% during the second quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock valued at $41,016,000 after purchasing an additional 393,686 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup started coverage on Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target for the company. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Barclays raised their target price on shares of Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Champion Homes has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the transaction, the executive vice president directly owned 36,118 shares in the company, valued at $2,734,132.60. This represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael B. Berman sold 1,500 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $93.22, for a total transaction of $139,830.00. Following the sale, the director directly owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. This trade represents a 18.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,522 shares of company stock worth $1,147,665 in the last three months. 0.60% of the stock is owned by company insiders.

Champion Homes Price Performance

Shares of Champion Homes stock opened at $89.14 on Tuesday. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 25.99 and a beta of 1.01. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $86.56 and its 200-day simple moving average is $81.64. Champion Homes, Inc. has a 52 week low of $63.69 and a 52 week high of $99.17.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. The firm had revenue of $710.23 million during the quarter, compared to analysts’ expectations of $701.98 million. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.19 earnings per share. As a group, analysts expect that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

About Champion Homes

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.