First Eagle Investment Management LLC Has $10.38 Million Position in Champion Homes, Inc. $SKY

First Eagle Investment Management LLC boosted its holdings in Champion Homes, Inc. (NYSE:SKY) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,824 shares of the company’s stock after purchasing an additional 11,300 shares during the quarter. First Eagle Investment Management LLC’s holdings in Champion Homes were worth $10,379,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in Champion Homes by 257.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after purchasing an additional 278 shares during the period. Advisory Services Network LLC acquired a new stake in Champion Homes in the 3rd quarter valued at $35,000. Nisa Investment Advisors LLC grew its position in Champion Homes by 33.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares during the period. Headlands Technologies LLC acquired a new stake in Champion Homes in the 2nd quarter valued at $92,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Champion Homes in the 4th quarter valued at $122,000.

Champion Homes Price Performance

Shares of NYSE:SKY opened at $68.96 on Wednesday. The company’s 50-day moving average is $77.68 and its 200 day moving average is $82.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The company has a market capitalization of $3.81 billion, a P/E ratio of 18.34 and a beta of 1.07. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $99.17.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research report on Monday, April 20th. Barclays reduced their price target on shares of Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Zelman & Associates downgraded shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Champion Homes presently has a consensus rating of “Moderate Buy” and an average target price of $103.50.

Insider Buying and Selling at Champion Homes

In related news, EVP Joseph A. Kimmell sold 2,880 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the transaction, the executive vice president directly owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. The trade was a 5.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

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.