GW&K Investment Management LLC Decreases Stock Holdings in Champion Homes, Inc. $SKY

GW&K Investment Management LLC reduced its position in shares of Champion Homes, Inc. (NYSE:SKY) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 493,096 shares of the company’s stock after selling 8,262 shares during the period. GW&K Investment Management LLC’s holdings in Champion Homes were worth $41,667,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Cerity Partners LLC lifted its holdings in Champion Homes by 2.1% in the 4th quarter. Cerity Partners LLC now owns 59,551 shares of the company’s stock worth $5,032,000 after buying an additional 1,220 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of Champion Homes during the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. increased its stake in shares of Champion Homes by 65.8% during the fourth quarter. JPMorgan Chase & Co. now owns 182,444 shares of the company’s stock valued at $15,417,000 after buying an additional 72,398 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Champion Homes during the fourth quarter valued at approximately $26,000. Finally, Vestcor Inc bought a new position in shares of Champion Homes during the fourth quarter valued at approximately $254,000.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 7,922 shares of Champion Homes stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $75.70, for a total transaction of $599,695.40. Following the completion of the transaction, the executive vice president directly owned 36,118 shares in the company, valued at approximately $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Champion Homes Stock Performance

Shares of SKY stock opened at $77.87 on Wednesday. The company’s fifty day moving average price is $74.53 and its 200-day moving average price is $82.17. The stock has a market cap of $4.27 billion, a PE ratio of 21.28 and a beta of 1.04. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $99.17.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. On average, equities analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on SKY shares. Citigroup started coverage on shares of Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Zacks Research cut shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. UBS Group started coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Finally, Royal Bank Of Canada reduced their price target on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Champion Homes has a consensus rating of “Moderate Buy” and an average price target of $93.00.

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.