Champion Homes, Inc. $SKY Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Champion Homes, Inc. (NYSE:SKY) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,300 shares of the company’s stock after selling 72,136 shares during the period. Victory Capital Management Inc. owned approximately 0.29% of Champion Homes worth $12,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its holdings in Champion Homes by 257.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Champion Homes during the 3rd quarter worth approximately $30,000. AdvisorNet Financial Inc purchased a new stake in shares of Champion Homes in the third quarter valued at approximately $50,000. Nisa Investment Advisors LLC grew its position in shares of Champion Homes by 33.7% in the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Champion Homes in the second quarter valued at approximately $92,000.

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 2,880 shares of Champion Homes stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the transaction, the executive vice president owned 51,297 shares in the company, valued at approximately $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the sale, the vice president directly owned 33,230 shares in the company, valued at approximately $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Champion Homes Trading Down 0.6%

Shares of NYSE SKY opened at $78.61 on Thursday. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.35 billion, a PE ratio of 20.91 and a beta of 1.02. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The stock has a fifty day simple moving average of $89.50 and a 200-day simple moving average of $82.01.

Champion Homes (NYSE:SKY) last posted 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 firm had revenue of $656.61 million for 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 was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. On average, equities analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SKY shares. Royal Bank Of Canada reissued an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a research note on Friday, January 9th. Barclays boosted their price target on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. CJS Securities raised Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.