TD Asset Management Inc Has $945,000 Stock Holdings in Champion Homes, Inc. $SKY

TD Asset Management Inc lessened its position in Champion Homes, Inc. (NYSE:SKY) by 43.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 12,372 shares of the company’s stock after selling 9,580 shares during the period. TD Asset Management Inc’s holdings in Champion Homes were worth $945,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the business. American Century Companies Inc. lifted its stake in shares of Champion Homes by 50.8% in the second quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock valued at $121,804,000 after buying an additional 655,505 shares in the last quarter. Norges Bank purchased a new stake in Champion Homes in the 2nd quarter valued at $40,360,000. Invesco Ltd. lifted its stake in Champion Homes by 150.6% during the 2nd 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 in the last quarter. Balyasny Asset Management L.P. purchased a new position in Champion Homes during the 2nd quarter worth $20,242,000. Finally, Congress Asset Management Co. raised its holdings in shares of Champion Homes by 25.5% in the third quarter. Congress Asset Management Co. now owns 923,465 shares of the company’s stock valued at $70,525,000 after purchasing an additional 187,611 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SKY. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 price objective on shares of Champion Homes in a research note on Friday, January 9th. Zelman & Associates downgraded shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Barclays increased their target price on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Champion Homes currently has an average rating of “Moderate Buy” and an average price target of $106.00.

Insider Buying and Selling at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,800 shares of Champion Homes stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $88.35, for a total transaction of $159,030.00. Following the completion of the sale, the executive vice president owned 54,177 shares of the company’s stock, valued at $4,786,537.95. The trade was a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of the company’s 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 completion of the transaction, the vice president 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 SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by insiders.

Champion Homes Trading Down 6.3%

Shares of SKY opened at $82.58 on Friday. Champion Homes, Inc. has a 1-year low of $59.44 and a 1-year high of $99.17. The company has a market capitalization of $4.57 billion, a P/E ratio of 21.96 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. The firm’s 50 day simple moving average is $89.86 and its 200 day simple moving average is $81.83.

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

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.