Champion Homes, Inc. (NYSE:SKY) Shares Bought by Xponance Inc.

Xponance Inc. grew its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,048 shares of the company’s stock after acquiring an additional 193 shares during the period. Xponance Inc.’s holdings in Champion Homes were worth $384,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in Champion Homes by 306.0% in the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock worth $96,000 after purchasing an additional 765 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Champion Homes by 142.2% in the first quarter. Oppenheimer & Co. Inc. now owns 7,394 shares of the company’s stock worth $701,000 after purchasing an additional 4,341 shares in the last quarter. Principal Financial Group Inc. grew its stake in Champion Homes by 2.3% in the first quarter. Principal Financial Group Inc. now owns 262,811 shares of the company’s stock worth $24,904,000 after purchasing an additional 5,887 shares in the last quarter. New York State Teachers Retirement System grew its stake in Champion Homes by 3.4% in the first quarter. New York State Teachers Retirement System now owns 12,300 shares of the company’s stock worth $1,166,000 after purchasing an additional 400 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Champion Homes by 4.3% in the first quarter. Bessemer Group Inc. now owns 244,149 shares of the company’s stock worth $23,136,000 after purchasing an additional 10,107 shares in the last quarter.

Analyst Ratings Changes

SKY has been the subject of a number of research reports. Royal Bank Of Canada decreased their price target on Champion Homes from $96.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 28th. Barclays decreased their price target on Champion Homes from $97.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 28th. Finally, Zelman & Associates upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $80.60.

Champion Homes Stock Performance

Shares of NYSE SKY opened at $64.29 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $69.92 and its two-hundred day moving average price is $84.61. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $116.49. The stock has a market capitalization of $3.68 billion, a P/E ratio of 18.80 and a beta of 1.16.

Champion Homes (NYSE:SKY) last issued its earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Champion Homes had a return on equity of 13.61% and a net margin of 7.99%. The business had revenue of $593.87 million during the quarter, compared to the consensus estimate of $595.42 million. During the same period in the prior year, the business earned $0.62 EPS. The business’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Champion Homes announced that its board has authorized a share buyback plan on Friday, May 30th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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.