The Manufacturers Life Insurance Company Makes New $2.60 Million Investment in Champion Homes, Inc. $SKY

The Manufacturers Life Insurance Company purchased a new stake in Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 29,536 shares of the company’s stock, valued at approximately $2,603,000.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. boosted its position in shares of Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after buying an additional 138 shares during the period. Assetmark Inc. grew its holdings in shares of Champion Homes by 16.8% during the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after buying an additional 144 shares in the last quarter. Mackenzie Financial Corp raised its position in Champion Homes by 4.7% in the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after buying an additional 161 shares during the last quarter. Mirador Capital Partners LP raised its position in Champion Homes by 0.3% in the 2nd quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock valued at $4,554,000 after buying an additional 178 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Champion Homes by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock valued at $3,544,000 after acquiring an additional 184 shares in the last quarter.

Insider Activity

In related news, Director Erin Claire Helgren sold 1,100 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the transaction, the director directly owned 8,196 shares of the company’s stock, valued at approximately $778,620. This trade represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael B. Berman sold 1,500 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the transaction, the director owned 6,825 shares in the company, valued at approximately $636,226.50. The trade was a 18.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 14,522 shares of company stock valued at $1,147,665. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on SKY. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Royal Bank Of Canada boosted their price objective on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Citigroup started coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. UBS Group raised their target price on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Barclays lifted their price target on shares of Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. One research 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.com, Champion Homes has a consensus rating of “Moderate Buy” and an average price target of $104.00.

Champion Homes Stock Performance

Shares of NYSE SKY opened at $86.11 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The stock has a 50 day moving average price of $86.56 and a 200 day moving average price of $81.56. The stock has a market capitalization of $4.67 billion, a PE ratio of 25.10 and a beta of 1.01. Champion Homes, Inc. has a 52 week low of $63.69 and a 52 week high of $99.17.

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

Champion Homes Company 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.