Legal & General Group Plc Buys 7,262 Shares of Champion Homes, Inc. $SKY

Legal & General Group Plc lifted its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 5.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 149,708 shares of the company’s stock after purchasing an additional 7,262 shares during the quarter. Legal & General Group Plc’s holdings in Champion Homes were worth $9,373,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SKY. Arkadios Wealth Advisors increased its holdings in Champion Homes by 4.8% in the 1st quarter. Arkadios Wealth Advisors now owns 6,400 shares of the company’s stock worth $606,000 after purchasing an additional 295 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Champion Homes by 10.6% during the first quarter. Natixis Advisors LLC now owns 92,776 shares of the company’s stock worth $8,791,000 after purchasing an additional 8,869 shares during the last quarter. New Age Alpha Advisors LLC increased its stake in shares of Champion Homes by 35.3% in the first quarter. New Age Alpha Advisors LLC now owns 2,699 shares of the company’s stock valued at $256,000 after buying an additional 704 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Champion Homes by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 698,052 shares of the company’s stock valued at $66,147,000 after buying an additional 15,793 shares during the last quarter. Finally, CenterBook Partners LP bought a new position in Champion Homes in the 1st quarter valued at approximately $2,261,000.

Wall Street Analysts Forecast Growth

SKY has been the subject of several recent research reports. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $85.00 to $91.00 in a research note on Thursday, November 6th. Barclays raised their target price on Champion Homes from $74.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $85.00.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,812 shares of Champion Homes stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $82.04, for a total value of $148,656.48. Following the completion of the sale, the executive vice president directly owned 55,977 shares in the company, valued at approximately $4,592,353.08. The trade was a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Champion Homes Price Performance

SKY stock opened at $85.20 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 22.66 and a beta of 1.14. The company’s fifty day simple moving average is $75.49 and its 200 day simple moving average is $71.82. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%.The firm had revenue of $684.43 million during the quarter, compared to the consensus estimate of $636.96 million. During the same period last year, the business posted $0.93 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, analysts expect that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

About Champion Homes

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.