State of New Jersey Common Pension Fund D Buys 7,775 Shares of Champion Homes, Inc. $SKY

State of New Jersey Common Pension Fund D increased its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 35.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,762 shares of the company’s stock after purchasing an additional 7,775 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of Champion Homes worth $2,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SKY. Nordea Investment Management AB boosted its holdings in shares of Champion Homes by 39.5% in the 3rd quarter. Nordea Investment Management AB now owns 164,340 shares of the company’s stock valued at $12,229,000 after buying an additional 46,516 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of Champion Homes by 25.5% during the 3rd quarter. Congress Asset Management Co. now owns 923,465 shares of the company’s stock worth $70,525,000 after acquiring an additional 187,611 shares in the last quarter. Third Avenue Management LLC purchased a new stake in Champion Homes during the second quarter valued at approximately $3,748,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Champion Homes in the third quarter valued at approximately $1,050,000. Finally, Burgundy Asset Management Ltd. boosted its stake in Champion Homes by 2.8% in the second quarter. Burgundy Asset Management Ltd. now owns 835,176 shares of the company’s stock valued at $52,290,000 after acquiring an additional 22,972 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SKY shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price target on shares of Champion Homes in a research report on Friday, January 9th. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Barclays raised their price target on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Champion Homes currently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Insider Activity at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total value of $159,030.00. Following the sale, the executive vice president directly owned 54,177 shares of the company’s stock, valued at $4,786,537.95. This represents a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the transaction, the vice president directly owned 33,230 shares of the company’s stock, valued at approximately $2,904,634.30. This trade represents a 26.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by corporate insiders.

Champion Homes Stock Performance

Shares of SKY stock opened at $97.36 on Monday. The business has a fifty day moving average of $88.90 and a 200 day moving average of $80.55. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $104.91. 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 has a market capitalization of $5.38 billion, a price-to-earnings ratio of 25.89 and a beta of 1.09.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The business had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. During the same period in the prior year, the company earned $1.04 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. As a group, research analysts expect that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Champion Homes Company Profile

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.