Champion Homes, Inc. $SKY Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Champion Homes, Inc. (NYSE:SKY) by 13.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,046 shares of the company’s stock after selling 17,792 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of Champion Homes worth $8,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SKY. Nordea Investment Management AB raised its holdings in shares of Champion Homes by 39.5% in the 3rd quarter. Nordea Investment Management AB now owns 164,340 shares of the company’s stock worth $12,229,000 after purchasing an additional 46,516 shares during the period. Congress Asset Management Co. grew its holdings in shares of Champion Homes by 25.5% during the 3rd quarter. Congress Asset Management Co. now owns 923,465 shares of the company’s stock worth $70,525,000 after purchasing an additional 187,611 shares during the period. Third Avenue Management LLC acquired a new stake in Champion Homes during the 2nd quarter worth approximately $3,748,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Champion Homes during the 3rd quarter worth approximately $1,050,000. Finally, Cramer Rosenthal Mcglynn LLC raised its holdings in Champion Homes by 7.5% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company’s stock valued at $50,700,000 after buying an additional 46,555 shares during the period.

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 sale, 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 at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Champion Homes Trading Up 0.2%

NYSE SKY opened at $72.68 on Monday. The stock has a market cap of $4.02 billion, a P/E ratio of 19.33 and a beta of 1.02. The company’s fifty day simple moving average is $85.78 and its 200-day simple moving average is $82.05. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $1.04 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities research analysts predict that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SKY shares. CJS Securities upgraded shares of Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a research report on Friday, January 9th. Finally, Barclays increased their target price on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. One equities 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.00.

About Champion Homes

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.