Principal Financial Group Inc. Grows Stock Holdings in Champion Homes, Inc. $SKY

Principal Financial Group Inc. lifted its holdings in Champion Homes, Inc. (NYSE:SKY) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 273,347 shares of the company’s stock after acquiring an additional 11,837 shares during the quarter. Principal Financial Group Inc. owned 0.48% of Champion Homes worth $20,876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Champion Homes by 66.1% during the 1st quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after purchasing an additional 4,301 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Champion Homes in the first quarter worth about $294,000. Millennium Management LLC boosted its stake in shares of 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 buying an additional 61,405 shares during the last quarter. Truist Financial Corp grew its holdings in Champion Homes by 30.4% during the second quarter. Truist Financial Corp now owns 5,630 shares of the company’s stock worth $352,000 after acquiring an additional 1,312 shares during the period. Finally, KLP Kapitalforvaltning AS raised its position in Champion Homes by 7.5% during the second quarter. KLP Kapitalforvaltning AS now owns 11,500 shares of the company’s stock valued at $720,000 after acquiring an additional 800 shares in the last quarter.

Champion Homes Price Performance

Champion Homes stock opened at $83.62 on Monday. The stock has a market capitalization of $4.62 billion, a P/E ratio of 22.24 and a beta of 1.09. The company’s fifty day moving average price is $87.26 and its 200 day moving average price is $78.51. 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 1 year low of $59.44 and a 1 year high of $110.00.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 business had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. During the same period last year, the firm posted $1.04 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 price target 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 report on Wednesday, January 21st. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays raised their price target on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, CJS Securities upgraded shares of Champion Homes to a “strong-buy” rating in a research 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $106.00.

Insider Transactions at Champion Homes

In related news, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the sale, the vice president directly owned 33,230 shares in the company, valued at approximately $2,904,634.30. The trade was a 26.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 1,812 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $82.04, for a total value of $148,656.48. Following the sale, the executive vice president owned 55,977 shares of the company’s stock, valued at approximately $4,592,353.08. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,795 shares of company stock worth $1,372,603 over the last ninety days. 1.20% of the stock is currently owned by corporate 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.