Champion Homes, Inc. $SKY Shares Bought by Capital Research Global Investors

Capital Research Global Investors grew its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 1.1% during the third quarter, HoldingsChannel reports. The firm owned 1,762,378 shares of the company’s stock after purchasing an additional 19,784 shares during the quarter. Capital Research Global Investors’ holdings in Champion Homes were worth $134,593,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SKY. Parkside Financial Bank & Trust grew its position in shares of Champion Homes by 257.4% in 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 period. Salomon & Ludwin LLC purchased a new position in Champion Homes during the third quarter worth about $30,000. AdvisorNet Financial Inc acquired a new stake in Champion Homes in the 3rd quarter worth about $50,000. Nisa Investment Advisors LLC boosted its stake in Champion Homes by 33.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock worth $65,000 after buying an additional 215 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Champion Homes in the 2nd quarter valued at about $92,000.

Champion Homes Stock Performance

Shares of NYSE:SKY opened at $78.61 on Thursday. The business has a 50-day moving average of $89.50 and a two-hundred day moving average of $82.01. The firm has a market capitalization of $4.35 billion, a PE ratio of 20.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $99.17.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The business had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. During the same period in the previous year, the company posted $1.04 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, research analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Insider Activity at Champion Homes

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the transaction, the vice president directly owned 33,230 shares of the company’s stock, valued at $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 2,880 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $82.25, for a total transaction of $236,880.00. Following the sale, the executive vice president owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SKY shares. Barclays upped their price objective on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Zelman & Associates downgraded shares of Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, CJS Securities upgraded shares of Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. One equities research 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. Based on data from MarketBeat.com, Champion Homes presently has an average rating of “Moderate Buy” and an average target price of $106.00.

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.