Champion Homes, Inc. $SKY Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 57.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,119 shares of the company’s stock after selling 12,214 shares during the quarter. State of Alaska Department of Revenue’s holdings in Champion Homes were worth $781,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new stake in Champion Homes in the 2nd quarter valued at $1,142,000. Militia Capital Management LLC bought a new stake in Champion Homes during the 1st quarter worth about $1,398,000. William Blair Investment Management LLC acquired a new position in shares of Champion Homes during the 2nd quarter worth about $35,030,000. Castleark Management LLC acquired a new position in shares of Champion Homes during the 2nd quarter worth about $4,024,000. Finally, Bank of America Corp DE acquired a new position in shares of Champion Homes during the 2nd quarter worth about $52,406,000.

Insider Transactions at Champion Homes

In other Champion Homes news, Director Michael Berman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the transaction, the director owned 6,825 shares of the company’s stock, valued at $636,226.50. The trade was a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Erin Helgren sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the sale, the director owned 8,196 shares in the company, valued at $778,620. This represents a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays raised their price objective on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer initiated coverage on Champion Homes in a research report on Wednesday, September 30th. They set a “market perform” rating for the company. Finally, Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.75.

Champion Homes Price Performance

Shares of SKY opened at $79.71 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $85.29 and its 200 day simple moving average is $81.54. Champion Homes, Inc. has a 1-year low of $63.87 and a 1-year high of $99.17. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 23.24 and a beta of 1.02.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $710.23 million during the quarter, compared to the consensus estimate of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. On average, research analysts forecast that Champion Homes, Inc. will post 3.40 earnings per share for the current fiscal year.

About Champion Homes

Champion Homes, Inc (NYSE:SKY) is a manufacturer of factory-built housing in the United States and Canada. The company designs and produces manufactured homes, modular homes and other residential structures in controlled factory environments, offering housing solutions for individual homeowners, developers, retailers and communities.

Its products include single-section and multi-section manufactured homes, modular homes, accessory dwelling units and park model recreational vehicles. Champion Homes markets its products through independent retailers, company-owned retail operations and other distribution channels, and also provides related construction and installation services in selected markets.

The company traces its heritage to the Skyline and Champion businesses, which combined in 2018 to form Skyline Champion Corporation.