American Century Companies Inc. Trims Stock Holdings in Champion Homes, Inc. $SKY

American Century Companies Inc. reduced its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,813,658 shares of the company’s stock after selling 131,776 shares during the quarter. American Century Companies Inc. owned about 3.25% of Champion Homes worth $138,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in Champion Homes by 257.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Champion Homes in the third quarter valued at $30,000. AdvisorNet Financial Inc purchased a new position in shares of Champion Homes in the third quarter valued at $50,000. Nisa Investment Advisors LLC raised 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 valued at $65,000 after purchasing an additional 215 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Champion Homes during the 2nd quarter valued at $92,000.

Analyst Upgrades and Downgrades

SKY has been the subject of several analyst reports. Barclays raised their target price on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a research note on Friday, January 9th. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Champion Homes Stock Up 0.7%

Shares of NYSE SKY opened at $93.39 on Monday. 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 business has a 50-day moving average of $89.61 and a 200-day moving average of $81.43. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 24.84 and a beta of 1.02. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $103.93.

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

Insider Buying and Selling at Champion Homes

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

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.