Champion Homes, Inc. $SKY Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in Champion Homes, Inc. (NYSE:SKY) by 15.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,214,115 shares of the company’s stock after selling 572,917 shares during the period. Wellington Management Group LLP owned 0.06% of Champion Homes worth $283,228,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SKY. UMB Bank n.a. lifted its position in Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Champion Homes during the 4th quarter valued at $26,000. Kestra Advisory Services LLC acquired a new position in shares of Champion Homes during the 4th quarter valued at $26,000. Parallel Advisors LLC raised its stake in shares of Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Champion Homes in the 3rd quarter worth $35,000.

Champion Homes Stock Up 0.0%

Shares of Champion Homes stock opened at $90.23 on Monday. The stock has a 50-day moving average price of $86.42 and a 200 day moving average price of $81.65. The company has a market cap of $4.90 billion, a P/E ratio of 26.31 and a beta of 1.01. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 1 year low of $63.69 and a 1 year high of $99.17.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The company had revenue of $710.23 million for the quarter, compared to analysts’ expectations of $701.98 million. During the same quarter in the previous year, the business posted $1.19 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Insider Transactions at Champion Homes

In related news, EVP Joseph A. Kimmell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president directly owned 32,118 shares in the company, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Erin Claire Helgren sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $104,500.00. Following the transaction, the director directly owned 8,196 shares in the company, valued at $778,620. The trade was a 11.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,522 shares of company stock valued at $1,147,665 over the last three months. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SKY has been the subject of several research reports. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Royal Bank Of Canada upped their price target on shares of Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Citigroup initiated coverage on shares of Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.00.

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.