Champion Homes, Inc. $SKY Stock Purchased by Royce & Associates LP

Royce & Associates LP lifted its holdings in Champion Homes, Inc. (NYSE:SKY) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 378,809 shares of the company’s stock after acquiring an additional 20,607 shares during the quarter. Royce & Associates LP’s holdings in Champion Homes were worth $32,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Champion Homes during the second quarter valued at approximately $794,354,000. Wasatch Advisors LP lifted its holdings in 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 buying an additional 10,749 shares during the period. Dimensional Fund Advisors LP boosted its position in Champion Homes by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock valued at $129,111,000 after acquiring an additional 80,531 shares in the last quarter. Congress Asset Management Co. boosted its position in Champion Homes by 0.8% during the 3rd quarter. Congress Asset Management Co. now owns 1,222,557 shares of the company’s stock valued at $104,773,000 after acquiring an additional 9,597 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Champion Homes in the 2nd quarter valued at $52,406,000.

Wall Street Analysts Forecast Growth

SKY has been the subject of several recent research reports. Zelman & Associates raised Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. UBS Group upped their price objective on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their price objective on Champion Homes from $94.00 to $99.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, November 4th. Finally, Barclays lifted their target price on Champion Homes from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Champion Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

Champion Homes Stock Up 0.3%

NYSE SKY traded up $0.31 on Friday, hitting $92.60. The stock had a trading volume of 395,531 shares, compared to its average volume of 723,392. The business’s fifty day moving average price is $84.59 and its 200 day moving average price is $82.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 1.88. Champion Homes, Inc. has a 52-week low of $63.87 and a 52-week high of $99.17. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 27.48 and a beta of 1.03.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Champion Homes had a return on equity of 12.17% and a net margin of 6.84%. The business had revenue of $727.03 million for the quarter, compared to the consensus estimate of $719.71 million. During the same period in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that Champion Homes, Inc. will post 3.34 earnings per share for the current year.

About Champion Homes

Champion Homes, Inc. (NYSE: SKY) designs and builds factory-produced homes and buildings. Its offerings include manufactured and modular homes, park model recreational vehicles, and buildings for commercial and institutional uses. The company sells through a network of independent retailers and builders, as well as company-owned retail locations. The company serves customers across the United States and western Canada. Its factory-built approach allows homes and buildings to be constructed in controlled environments and then transported to their sites for installation.