Militia Capital Management LLC Invests $1.40 Million in Champion Homes, Inc. $SKY

Militia Capital Management LLC purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 18,800 shares of the company’s stock, valued at approximately $1,398,000.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 138 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Champion Homes during the 4th quarter worth $26,000. Kestra Advisory Services LLC acquired a new stake in shares of Champion Homes during the fourth quarter worth $26,000. Parallel Advisors LLC lifted its holdings in shares of Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Champion Homes in the third quarter valued at about $35,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group began coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Barclays lifted their price objective on shares of Champion Homes from $94.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Citigroup assumed coverage on shares of Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Finally, Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Champion Homes Price Performance

Shares of NYSE SKY opened at $81.90 on Thursday. The business has a fifty day moving average price of $78.63 and a two-hundred day moving average price of $81.66. The stock has a market capitalization of $4.50 billion, a PE ratio of 22.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. Champion Homes, Inc. has a fifty-two week low of $60.13 and a fifty-two week high of $99.17.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%.The company had revenue of $621.28 million for the quarter, compared to analyst estimates of $607.39 million. During the same period in the prior year, the firm posted $0.65 EPS. Champion Homes’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares of the company’s stock, valued at $2,438,077.38. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Champion Homes 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.