Huntleigh Advisors Inc. Has $528,000 Position in Champion Homes, Inc. $SKY

Huntleigh Advisors Inc. grew its stake in Champion Homes, Inc. (NYSE:SKY) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,433 shares of the company’s stock after purchasing an additional 315 shares during the period. Huntleigh Advisors Inc.’s holdings in Champion Homes were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SKY. Nordea Investment Management AB boosted its position in Champion Homes by 26.8% during the 2nd quarter. Nordea Investment Management AB now owns 117,824 shares of the company’s stock worth $7,362,000 after buying an additional 24,879 shares during the period. Allianz Asset Management GmbH boosted its position in Champion Homes by 18.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 75,063 shares of the company’s stock worth $4,700,000 after buying an additional 11,770 shares during the period. TD Asset Management Inc boosted its position in Champion Homes by 6.3% during the 2nd quarter. TD Asset Management Inc now owns 21,952 shares of the company’s stock worth $1,374,000 after buying an additional 1,294 shares during the period. Verdence Capital Advisors LLC boosted its position in Champion Homes by 5.7% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,612 shares of the company’s stock worth $289,000 after buying an additional 248 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Champion Homes by 5.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock worth $220,000 after buying an additional 183 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on SKY. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Royal Bank Of Canada lifted their target price on shares of Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on shares of Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.00.

Champion Homes Stock Up 6.9%

Shares of NYSE SKY opened at $75.73 on Friday. The company’s 50 day moving average price is $73.54 and its 200-day moving average price is $73.66. The company has a market capitalization of $4.28 billion, a P/E ratio of 20.14 and a beta of 1.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 2.39. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $116.49.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.31. The company had revenue of $701.32 million during the quarter, compared to analyst estimates of $642.18 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. Champion Homes’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. Equities analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,000 shares of Champion Homes stock in a transaction on Monday, August 11th. The shares were sold at an average price of $65.24, for a total value of $65,240.00. Following the completion of the sale, the executive vice president owned 43,568 shares in the company, valued at $2,842,376.32. The trade was a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

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.