State of New Jersey Common Pension Fund D Has $1.38 Million Holdings in Champion Homes, Inc. $SKY

State of New Jersey Common Pension Fund D grew its position in Champion Homes, Inc. (NYSE:SKY) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,987 shares of the company’s stock after purchasing an additional 2,680 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Champion Homes were worth $1,377,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC increased its holdings in Champion Homes by 2.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company’s stock worth $523,000 after buying an additional 145 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Champion Homes by 5.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock worth $220,000 after purchasing an additional 183 shares during the last quarter. Xponance Inc. increased its position in Champion Homes by 5.0% during the first quarter. Xponance Inc. now owns 4,048 shares of the company’s stock worth $384,000 after buying an additional 193 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Champion Homes by 5.7% during the second quarter. Verdence Capital Advisors LLC now owns 4,612 shares of the company’s stock worth $289,000 after buying an additional 248 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its position in Champion Homes by 4.8% during the first quarter. Arkadios Wealth Advisors now owns 6,400 shares of the company’s stock worth $606,000 after buying an additional 295 shares during the last quarter.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,000 shares of Champion Homes stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $65.24, for a total transaction of $65,240.00. Following the sale, the executive vice president owned 43,568 shares of the company’s stock, valued at approximately $2,842,376.32. This trade represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SKY shares. Royal Bank Of Canada increased their price objective on Champion Homes from $82.00 to $85.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Barclays increased 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $79.50.

Champion Homes Trading Up 5.4%

Shares of Champion Homes stock opened at $68.33 on Monday. The company’s fifty day simple moving average is $73.63 and its 200-day simple moving average is $72.77. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 18.17 and a beta of 1.16. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $116.49.

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

About Champion Homes

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.