Bryn Mawr Trust Advisors LLC Purchases Shares of 13,753 Champion Homes, Inc. $SKY

Bryn Mawr Trust Advisors LLC purchased a new position in Champion Homes, Inc. (NYSE:SKY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,753 shares of the company’s stock, valued at approximately $1,050,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of Champion Homes by 257.4% in the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after buying an additional 278 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Champion Homes in the 3rd quarter worth approximately $30,000. AdvisorNet Financial Inc bought a new stake in Champion Homes in the 3rd quarter worth approximately $50,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Champion Homes by 10,171.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after acquiring an additional 712 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Champion Homes by 33.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after acquiring an additional 215 shares during the last quarter.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,800 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total value of $159,030.00. Following the sale, the executive vice president owned 54,177 shares in the company, valued at $4,786,537.95. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the sale, the vice president directly owned 33,230 shares of the company’s stock, valued at $2,904,634.30. This represents a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,795 shares of company stock valued at $1,372,603 over the last three months. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SKY shares. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Zelman & Associates raised shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Royal Bank Of Canada restated an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a research report on Friday, January 9th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Barclays lifted their price target on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Champion Homes has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Champion Homes Price Performance

SKY stock opened at $78.24 on Friday. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $110.00. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $87.72 and a 200 day moving average price of $77.88. The stock has a market cap of $4.37 billion, a PE ratio of 20.32 and a beta of 1.08.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data 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 net margin of 8.41% and a return on equity of 14.36%. The company had revenue of $684.43 million for the quarter, compared to analyst estimates of $636.96 million. During the same period in the prior year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current 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.