Champion Homes, Inc. $SKY Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,992 shares of the company’s stock after buying an additional 6,070 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Champion Homes worth $3,207,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in shares of Champion Homes by 257.4% in the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Champion Homes in the 3rd quarter valued at about $30,000. AdvisorNet Financial Inc purchased a new position in Champion Homes in the 3rd quarter valued at about $50,000. Nisa Investment Advisors LLC boosted its stake in shares of Champion Homes by 33.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock worth $65,000 after purchasing an additional 215 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Champion Homes during the second quarter worth about $92,000.

Insider Buying and Selling

In related news, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the transaction, the vice president owned 33,230 shares in the company, valued at approximately $2,904,634.30. The trade was a 26.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total transaction of $159,030.00. Following the sale, the executive vice president directly owned 54,177 shares of the company’s stock, valued at approximately $4,786,537.95. This trade represents a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Champion Homes Price Performance

Shares of Champion Homes stock opened at $92.56 on Thursday. The business’s fifty day moving average price is $89.37 and its 200 day moving average price is $81.04. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $104.91. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.12 billion, a P/E ratio of 24.62 and a beta of 1.09.

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

Wall Street Analyst Weigh In

SKY has been the topic of several recent analyst reports. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a report on Friday, January 9th. CJS Securities raised Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Finally, Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Champion Homes 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.