William Blair Investment Management LLC Increases Stock Holdings in Champion Homes, Inc. $SKY

William Blair Investment Management LLC increased its position in shares of Champion Homes, Inc. (NYSE:SKY) by 30.9% during the third quarter, HoldingsChannel.com reports. The fund owned 1,005,203 shares of the company’s stock after acquiring an additional 237,037 shares during the period. William Blair Investment Management LLC’s holdings in Champion Homes were worth $76,767,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Champion Homes by 7.0% in the third quarter. CWM LLC now owns 2,410 shares of the company’s stock worth $184,000 after purchasing an additional 157 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of 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 acquiring an additional 215 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Champion Homes by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 16,103 shares of the company’s stock valued at $1,230,000 after acquiring an additional 224 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Champion Homes by 3.7% in the second quarter. Arkadios Wealth Advisors now owns 6,638 shares of the company’s stock worth $416,000 after purchasing an additional 238 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Champion Homes by 257.4% during the third 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 last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Barclays boosted their target price 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, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Champion Homes Stock Performance

Shares of SKY stock opened at $93.39 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $103.93. The stock has a 50 day moving average price of $89.61 and a two-hundred day moving average price of $81.43. The company has a market capitalization of $5.16 billion, a P/E ratio of 24.84 and a beta of 1.02.

Champion Homes (NYSE:SKY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The firm had revenue of $656.61 million for the quarter, compared to analysts’ expectations of $649.40 million. During the same quarter last year, the business earned $1.04 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. Analysts expect that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Insiders Place Their Bets

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following the transaction, the vice president owned 33,230 shares in the company, valued at approximately $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $88.35, for a total transaction of $159,030.00. Following the transaction, the executive vice president directly owned 54,177 shares of the company’s stock, valued at approximately $4,786,537.95. This trade represents a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by company 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.