Dimensional Fund Advisors LP Raises Position in Champion Homes, Inc. $SKY

Dimensional Fund Advisors LP grew its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,530,519 shares of the company’s stock after buying an additional 104,217 shares during the period. Dimensional Fund Advisors LP owned 2.74% of Champion Homes worth $116,877,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SKY. CWM LLC boosted its stake in Champion Homes by 7.0% during the third quarter. CWM LLC now owns 2,410 shares of the company’s stock worth $184,000 after acquiring an additional 157 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Champion Homes by 33.7% during the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Champion Homes by 1.4% during the third quarter. Arizona State Retirement System now owns 16,103 shares of the company’s stock valued at $1,230,000 after purchasing an additional 224 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Champion Homes by 257.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after purchasing an additional 278 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of Champion Homes by 7.1% in the 3rd quarter. Xponance Inc. now owns 4,509 shares of the company’s stock worth $344,000 after buying an additional 299 shares during the last quarter.

Champion Homes Stock Down 0.6%

SKY opened at $78.61 on Thursday. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 20.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The firm’s fifty day moving average is $89.50 and its 200 day moving average is $82.01. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $99.17.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share 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 company had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $649.40 million. During the same period last year, the company posted $1.04 earnings per share. Champion Homes’s quarterly revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast 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 news, VP Timothy A. Burkhardt sold 12,183 shares of the stock in a transaction 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 sale, the vice president owned 33,230 shares of the company’s stock, valued at approximately $2,904,634.30. This represents a 26.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the sale, the executive vice president owned 51,297 shares of the company’s stock, valued at $4,219,178.25. This trade represents a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SKY. Barclays upped their price target on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. CJS Securities raised Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Finally, Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Champion Homes currently has an average rating of “Moderate Buy” and an average price target 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.