Rhumbline Advisers Acquires 6,503 Shares of Champion Homes, Inc. $SKY

Rhumbline Advisers raised its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 157,253 shares of the company’s stock after purchasing an additional 6,503 shares during the period. Rhumbline Advisers owned 0.28% of Champion Homes worth $12,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SKY. Parkside Financial Bank & Trust increased its stake 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 buying an additional 278 shares during the period. Salomon & Ludwin LLC bought a new stake in Champion Homes in the third quarter valued at approximately $30,000. AdvisorNet Financial Inc acquired a new stake in Champion Homes during the 3rd quarter valued at approximately $50,000. Caitong International Asset Management Co. Ltd increased its position in Champion Homes by 10,171.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock valued at $45,000 after purchasing an additional 712 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in 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.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 1,812 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $82.04, for a total value of $148,656.48. Following the transaction, the executive vice president owned 55,977 shares in the company, valued at $4,592,353.08. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction that occurred on 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 directly 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 15,795 shares of company stock worth $1,372,603. 1.20% of the stock is owned by insiders.

Champion Homes Price Performance

Shares of SKY opened at $94.66 on Friday. The business’s fifty day moving average is $88.71 and its 200 day moving average is $80.15. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $104.91. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.23 billion, a P/E ratio of 25.18 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 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.13. The firm had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. Sell-side analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SKY has been the subject of several recent analyst reports. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. CJS Securities raised Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Barclays upped their target price on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. 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 company has an average rating of “Moderate Buy” and a consensus target price of $106.00.

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.