Fort Washington Investment Advisors Inc. OH Has $26.59 Million Position in Champion Homes, Inc. $SKY

Fort Washington Investment Advisors Inc. OH cut its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,708 shares of the company’s stock after selling 20,269 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.56% of Champion Homes worth $26,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in Champion Homes in the fourth quarter valued at approximately $254,000. Byrne Asset Management LLC increased its holdings in shares of Champion Homes by 174.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,098 shares of the company’s stock worth $177,000 after buying an additional 1,334 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Champion Homes by 2.8% during the fourth quarter. Congress Asset Management Co. now owns 949,549 shares of the company’s stock worth $80,237,000 after buying an additional 26,084 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Champion Homes by 21.2% in the 4th quarter. SG Americas Securities LLC now owns 13,869 shares of the company’s stock valued at $1,172,000 after acquiring an additional 2,430 shares during the last quarter. Finally, Occidental Asset Management LLC bought a new position in shares of Champion Homes in the 4th quarter valued at $226,000.

Insider Buying and Selling at Champion Homes

In other news, 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 transaction, the executive vice president directly owned 51,297 shares in the company, valued at $4,219,178.25. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Barclays boosted 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, CJS Securities raised Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $106.00.

Champion Homes Stock Performance

Shares of Champion Homes stock opened at $72.68 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 19.33 and a beta of 1.02. The company’s fifty day moving average is $85.78 and its 200 day moving average is $81.94.

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, topping the consensus estimate of $0.83 by $0.13. The business had revenue of $656.61 million during the quarter, compared to analyst estimates of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.Champion Homes’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. Sell-side analysts forecast that Champion Homes, Inc. will post 3.63 EPS 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.