Champion Homes, Inc. $SKY Position Reduced by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in shares of Champion Homes, Inc. (NYSE:SKY) by 15.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 987 shares of the company’s stock after selling 185 shares during the period. Farther Finance Advisors LLC’s holdings in Champion Homes were worth $62,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Champion Homes by 306.0% during the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock worth $96,000 after purchasing an additional 765 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Champion Homes by 142.2% in the first quarter. Oppenheimer & Co. Inc. now owns 7,394 shares of the company’s stock valued at $701,000 after buying an additional 4,341 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Champion Homes by 2.3% in the first quarter. Principal Financial Group Inc. now owns 262,811 shares of the company’s stock valued at $24,904,000 after buying an additional 5,887 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Champion Homes by 3.4% in the first quarter. New York State Teachers Retirement System now owns 12,300 shares of the company’s stock valued at $1,166,000 after buying an additional 400 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Champion Homes by 4.3% in the first quarter. Bessemer Group Inc. now owns 244,149 shares of the company’s stock valued at $23,136,000 after buying an additional 10,107 shares in the last quarter.

Champion Homes Price Performance

Shares of NYSE:SKY opened at $76.35 on Monday. The company’s fifty day moving average is $72.90 and its two-hundred day moving average is $75.41. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49. The company has a market cap of $4.32 billion, a P/E ratio of 20.30 and a beta of 1.16.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.31. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The company had revenue of $701.32 million for the quarter, compared to the consensus estimate of $642.18 million. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Equities analysts expect that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Activity at Champion Homes

In other news, EVP Joseph A. Kimmell sold 3,000 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $66.03, for a total transaction of $198,090.00. Following the transaction, the executive vice president directly owned 44,568 shares in the company, valued at $2,942,825.04. The trade was a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SKY has been the topic of several research reports. Royal Bank Of Canada upped their price target on Champion Homes from $82.00 to $85.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Saturday, September 27th. Finally, Barclays upped their price target on Champion Homes from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.00.

Champion Homes Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.