Jupiter Topco LLC Acquires Shares of 128,621 Champion Homes, Inc. $SKY

Jupiter Topco LLC bought a new stake in shares of Champion Homes, Inc. (NYSE:SKY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 128,621 shares of the company’s stock, valued at approximately $11,336,000. Jupiter Topco LLC owned about 0.24% of Champion Homes at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada grew its position in Champion Homes by 66.1% during the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock valued at $1,024,000 after buying an additional 4,301 shares during the period. AQR Capital Management LLC bought a new stake in Champion Homes in the first quarter worth about $294,000. Millennium Management LLC raised its position in Champion Homes by 712.0% in the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock worth $6,636,000 after acquiring an additional 61,405 shares during the period. Hsbc Holdings PLC purchased a new position in Champion Homes in the second quarter valued at about $408,000. Finally, Invesco Ltd. boosted its stake in Champion Homes by 150.6% in the second quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock valued at $41,016,000 after acquiring an additional 393,686 shares during the last quarter.

Champion Homes Price Performance

SKY opened at $90.23 on Friday. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 26.31 and a beta of 1.01. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $86.42 and a 200-day moving average price of $81.68. Champion Homes, Inc. has a twelve month low of $63.69 and a twelve month high of $99.17.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Equities analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. Citigroup initiated coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Barclays raised their target price on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

Insider Buying and Selling at Champion Homes

In other news, Director Erin Claire Helgren sold 1,100 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the transaction, the director directly owned 8,196 shares of the company’s stock, valued at $778,620. This trade represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total value of $303,640.00. Following the completion of the transaction, the executive vice president owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 14,522 shares of company stock valued at $1,147,665 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

About Champion Homes

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.