Integrated Investment Fully Exits Champion Homes Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 02 2026
0mins
Source: NASDAQ.COM
- Share Sale Overview: Integrated Investment sold all 61,461 shares of Champion Homes last quarter, with an estimated transaction value of $5.29 million, resulting in a $5.19 million decrease in quarter-end position value, reflecting a roughly 1% shift in 13F reportable assets under management (AUM).
- Market Performance Analysis: Although Champion Homes reported a 7.3% year-over-year sales increase to $2.7 billion and an 8.1% rise in adjusted EBITDA to $308.2 million for fiscal 2026, its fourth-quarter net income fell 18%, indicating housing demand sensitivity to interest rates and consumer confidence.
- Strategic Advantages: As a leading North American producer of factory-built housing, Champion Homes leverages its multi-brand operations and extensive distribution network to maintain a competitive edge in the residential construction sector, despite challenges posed by the macroeconomic environment.
- Investor Caution: While Champion Homes continues to perform well within the industry, Integrated Investment's exit may suggest a lack of confidence in the company, and the Motley Fool Stock Advisor analyst team did not include it in their current list of top investment stocks, advising investors to proceed with caution.
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Analyst Views on SKY
Wall Street analysts forecast SKY stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 80.620
Low
86.00
Averages
95.67
High
101.00
Current: 80.620
Low
86.00
Averages
95.67
High
101.00
About SKY
Champion Homes, Inc. is a producer of factory-built housing in North America. Its segments include U.S. Factory-built Housing, which includes manufacturing and retail housing operations, and Canadian Factory-built Housing. The Company has a portfolio of manufactured and modular homes, accessory dwelling units (ADUs), park-models and modular buildings for the single-family, multifamily, and hospitality sectors. In addition to its core home-building business, the Company provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 72 retail locations across the United States, and operates Star Fleet Trucking, providing transportation services to manufactured housing and other industries from several dispatch locations across the United States. It builds homes under brand names in the factory-built housing industry, including Champion Homes, Genesis Homes, Skyline Homes, Regional Homes, Athens Park, and Dutch Housing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Housing Market Focus: Comparing M/I Homes and Champion Homes
- M/I Homes Financial Performance: In FY 2025, M/I Homes reported nearly $4.4 billion in revenue, a 1.9% decrease from the previous year, with a net income of approximately $402.9 million, resulting in a net margin of 9.1%, demonstrating profitability amid rising material costs.
- Champion Homes Growth Momentum: Champion Homes experienced a revenue increase of about 7.3% in FY 2025, reaching approximately $2.7 billion, with a net income of nearly $214.2 million and a net margin of 8.0%, indicating stable profitability even during economic uncertainty.
- Risks and Challenges: M/I Homes faces pressures from high interest rates and cyclical market conditions, recording roughly $35.9 million in inventory impairments in 2025, while Champion Homes navigates volatile raw material costs and significant financing liabilities to independent retailers, highlighting their differing risk management approaches.
- Valuation Comparison: M/I Homes has a forward P/E ratio of 10.4x, lower than Champion Homes' 22.0x, and a P/S ratio of 0.8x compared to Champion's 1.5x, suggesting that M/I Homes may be more attractive for value investors.
See More
Investment Analysis of M/I Homes vs Champion Homes
- Market Performance Comparison: M/I Homes reported nearly $4.4 billion in revenue for FY 2025, reflecting a 1.9% year-over-year decline, yet its net income of $402.9 million and a net margin of 9.1% demonstrate resilience in a high-cost environment, indicating stability in the traditional housing market.
- Cash Flow Status: Champion Homes achieved approximately $2.7 billion in revenue for FY 2025, growing by 7.3%, with a net income of $214.2 million and a net margin of 8.0%, showcasing strong growth and profitability in the factory-built housing sector.
- Financial Health Metrics: As of December 2025, M/I Homes maintained a current ratio of 24.2, indicating robust short-term liquidity, while Champion Homes' debt-to-equity ratio of 0.1 reflects a conservative debt strategy that aids stability amid economic uncertainties.
- Market Demand and Challenges: While M/I Homes faces pressures from high interest rates and inventory impairments, Champion Homes remains competitive despite volatile raw material costs, with both companies addressing the urgent need for residential supply in the U.S., requiring investors to weigh their financial metrics and market positioning carefully.
See More
UBS Initiates Buy Ratings on Champion Homes and Cavco Industries
- Supply-Demand Imbalance: UBS estimates a shortage of approximately 7.5 million homes in the U.S. housing market, suggesting that this structural undersupply will drive growth for Champion Homes and Cavco Industries, particularly as consumer demand remains robust amid economic uncertainty.
- Price Target Setting: Analyst John Lovallo set a price target of $93 for Champion Homes, implying a potential upside of about 25%, while Cavco Industries has a target of $700, indicating a potential gain of approximately 27%.
- Appeal of Manufactured Housing: With manufactured homes costing about $285,000 less than comparable site-built homes, UBS expects this affordability advantage to enable a larger market share, especially as newer products gain acceptance and potential regulatory changes expand the market.
- Industry Growth Expectations: UBS projects that shipments in the manufactured housing industry will grow at an annual rate of about 3%, supported by modest growth in single-family housing starts and market share gains, indicating a positive outlook through 2028.
See More
Latest Ratings and Outlook from Wall Street
- Qualcomm Investor Day: Qualcomm is set to host its highly anticipated Investor Day on June 24, discussing growth and diversification strategies in the rapidly evolving AI landscape; JPMorgan maintains a neutral rating but remains optimistic about future performance.
- Nvidia Buy Reiteration: Bank of America reiterates its buy rating on Nvidia after a meeting with management, highlighting the stock's strong performance across the board, particularly following the positive outlook shared during the GTC Taipei conference.
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See More
Champion Homes Announces Leadership Appointments
- Executive Retirement and Succession: Champion Homes announced that Executive Vice President of Operations Joseph Kimmell will retire on June 26, 2026, and will assist in the transition as a consultant until the end of August, ensuring a smooth leadership handover.
- Overview of New Appointments: Wade Lyall has been appointed Chief Sales Officer, John Kastanek as Chief Customer Experience Officer, and Andrew Houser as Senior Vice President of Manufacturing, reflecting the company's leadership adjustments across its 9,300 employees and 129 retail and manufacturing locations.
- Leadership Integration Strategy: Tim Larson stated that these appointments are the result of a comprehensive succession planning process aimed at enhancing the company's ability to serve customers and partners by aligning leadership across customer experience, sales, and manufacturing, thereby laying the groundwork for future growth.
- Rich Industry Experience: The new executives bring over 25 years of industry experience each, with backgrounds that will provide strong support for Champion Homes' operations and market strategies, helping the company maintain its competitive edge in a challenging market.
See More
Integrated Investment Consultants Fully Exits Champion Homes Stake
- Full Exit: Integrated Investment Consultants sold its entire stake of 61,461 shares in Champion Homes on June 1, 2026, with an estimated transaction value of $5.29 million, indicating a cautious outlook on the company's future performance.
- Position Change: The fund reported a net position value change of $5.19 million, reflecting the impact of market fluctuations on its portfolio and suggesting a diminished confidence in Champion Homes.
- Financial Performance: Champion Homes reported a 7.3% increase in fiscal 2026 sales to $2.7 billion, with adjusted EBITDA rising 8.1% to $308.2 million, although a decline of 18% in net income in Q4 highlights the fragility of market demand.
- Market Outlook: Despite challenges, CEO Tim Larson noted strong performance in housing demand and retail expansion, maintaining an optimistic outlook for the future, though investors should remain aware of the sensitivity of demand to interest rates and consumer confidence.
See More
Housing Market Focus: Comparing M/I Homes and Champion Homes
- M/I Homes Financial Performance: In FY 2025, M/I Homes reported nearly $4.4 billion in revenue, a 1.9% decrease from the previous year, with a net income of approximately $402.9 million, resulting in a net margin of 9.1%, demonstrating profitability amid rising material costs.
- Champion Homes Growth Momentum: Champion Homes experienced a revenue increase of about 7.3% in FY 2025, reaching approximately $2.7 billion, with a net income of nearly $214.2 million and a net margin of 8.0%, indicating stable profitability even during economic uncertainty.
- Risks and Challenges: M/I Homes faces pressures from high interest rates and cyclical market conditions, recording roughly $35.9 million in inventory impairments in 2025, while Champion Homes navigates volatile raw material costs and significant financing liabilities to independent retailers, highlighting their differing risk management approaches.
- Valuation Comparison: M/I Homes has a forward P/E ratio of 10.4x, lower than Champion Homes' 22.0x, and a P/S ratio of 0.8x compared to Champion's 1.5x, suggesting that M/I Homes may be more attractive for value investors.
See More
Investment Analysis of M/I Homes vs Champion Homes
- Market Performance Comparison: M/I Homes reported nearly $4.4 billion in revenue for FY 2025, reflecting a 1.9% year-over-year decline, yet its net income of $402.9 million and a net margin of 9.1% demonstrate resilience in a high-cost environment, indicating stability in the traditional housing market.
- Cash Flow Status: Champion Homes achieved approximately $2.7 billion in revenue for FY 2025, growing by 7.3%, with a net income of $214.2 million and a net margin of 8.0%, showcasing strong growth and profitability in the factory-built housing sector.
- Financial Health Metrics: As of December 2025, M/I Homes maintained a current ratio of 24.2, indicating robust short-term liquidity, while Champion Homes' debt-to-equity ratio of 0.1 reflects a conservative debt strategy that aids stability amid economic uncertainties.
- Market Demand and Challenges: While M/I Homes faces pressures from high interest rates and inventory impairments, Champion Homes remains competitive despite volatile raw material costs, with both companies addressing the urgent need for residential supply in the U.S., requiring investors to weigh their financial metrics and market positioning carefully.
See More
UBS Initiates Buy Ratings on Champion Homes and Cavco Industries
- Supply-Demand Imbalance: UBS estimates a shortage of approximately 7.5 million homes in the U.S. housing market, suggesting that this structural undersupply will drive growth for Champion Homes and Cavco Industries, particularly as consumer demand remains robust amid economic uncertainty.
- Price Target Setting: Analyst John Lovallo set a price target of $93 for Champion Homes, implying a potential upside of about 25%, while Cavco Industries has a target of $700, indicating a potential gain of approximately 27%.
- Appeal of Manufactured Housing: With manufactured homes costing about $285,000 less than comparable site-built homes, UBS expects this affordability advantage to enable a larger market share, especially as newer products gain acceptance and potential regulatory changes expand the market.
- Industry Growth Expectations: UBS projects that shipments in the manufactured housing industry will grow at an annual rate of about 3%, supported by modest growth in single-family housing starts and market share gains, indicating a positive outlook through 2028.
See More
Latest Ratings and Outlook from Wall Street
- Qualcomm Investor Day: Qualcomm is set to host its highly anticipated Investor Day on June 24, discussing growth and diversification strategies in the rapidly evolving AI landscape; JPMorgan maintains a neutral rating but remains optimistic about future performance.
- Nvidia Buy Reiteration: Bank of America reiterates its buy rating on Nvidia after a meeting with management, highlighting the stock's strong performance across the board, particularly following the positive outlook shared during the GTC Taipei conference.
- Tesla Rating Upgrade: JPMorgan upgrades Tesla from underperform to neutral, citing its unique vertical integration across hardware and software products, which positions the company favorably for scaling in the industry.
- Disney Price Target Increase: Rosenblatt raises Disney's price target from $121 to $126, based on optimistic projections for its movie slate, particularly with the upcoming release of Toy Story 5, which is expected to drive earnings growth.
See More
Champion Homes Announces Leadership Appointments
- Executive Retirement and Succession: Champion Homes announced that Executive Vice President of Operations Joseph Kimmell will retire on June 26, 2026, and will assist in the transition as a consultant until the end of August, ensuring a smooth leadership handover.
- Overview of New Appointments: Wade Lyall has been appointed Chief Sales Officer, John Kastanek as Chief Customer Experience Officer, and Andrew Houser as Senior Vice President of Manufacturing, reflecting the company's leadership adjustments across its 9,300 employees and 129 retail and manufacturing locations.
- Leadership Integration Strategy: Tim Larson stated that these appointments are the result of a comprehensive succession planning process aimed at enhancing the company's ability to serve customers and partners by aligning leadership across customer experience, sales, and manufacturing, thereby laying the groundwork for future growth.
- Rich Industry Experience: The new executives bring over 25 years of industry experience each, with backgrounds that will provide strong support for Champion Homes' operations and market strategies, helping the company maintain its competitive edge in a challenging market.
See More
Integrated Investment Consultants Fully Exits Champion Homes Stake
- Full Exit: Integrated Investment Consultants sold its entire stake of 61,461 shares in Champion Homes on June 1, 2026, with an estimated transaction value of $5.29 million, indicating a cautious outlook on the company's future performance.
- Position Change: The fund reported a net position value change of $5.19 million, reflecting the impact of market fluctuations on its portfolio and suggesting a diminished confidence in Champion Homes.
- Financial Performance: Champion Homes reported a 7.3% increase in fiscal 2026 sales to $2.7 billion, with adjusted EBITDA rising 8.1% to $308.2 million, although a decline of 18% in net income in Q4 highlights the fragility of market demand.
- Market Outlook: Despite challenges, CEO Tim Larson noted strong performance in housing demand and retail expansion, maintaining an optimistic outlook for the future, though investors should remain aware of the sensitivity of demand to interest rates and consumer confidence.
See More
