Strs Ohio Sells 11,800 Shares of Champion Homes, Inc. $SKY

Strs Ohio reduced its stake in Champion Homes, Inc. (NYSE:SKY) by 77.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,400 shares of the company’s stock after selling 11,800 shares during the period. Strs Ohio’s holdings in Champion Homes were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new position in Champion Homes in the 3rd quarter worth about $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Champion Homes by 10,171.4% in the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after buying an additional 712 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Champion Homes in the third quarter worth about $50,000. Blue Trust Inc. boosted its position in shares of Champion Homes by 49.8% in the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock valued at $56,000 after acquiring an additional 299 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in 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 acquiring an additional 215 shares in the last quarter.

Champion Homes Price Performance

Shares of Champion Homes stock opened at $78.24 on Monday. The firm has a market capitalization of $4.37 billion, a PE ratio of 20.32 and a beta of 1.09. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $110.00. The business’s 50-day moving average price is $87.72 and its 200-day moving average price is $77.98.

Champion Homes (NYSE:SKY) last issued its earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The business had revenue of $684.43 million during the quarter, compared to analyst estimates of $636.96 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Champion Homes’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on SKY. CJS Securities upgraded shares of Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Zelman & Associates upgraded Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Barclays upped 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. Royal Bank Of Canada reiterated an “outperform” rating and set a $101.00 price target on shares of Champion Homes in a research report on Friday, January 9th. Finally, Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were 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 directly owned 54,177 shares in the company, valued at $4,786,537.95. This represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the transaction, the vice president owned 33,230 shares in the company, valued at approximately $2,904,634.30. This represents a 26.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,795 shares of company stock valued at $1,372,603 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

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.