Norges Bank Invests $40.47 Million in Champion Homes, Inc. $SKY

Norges Bank purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 478,952 shares of the company’s stock, valued at approximately $40,471,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue boosted its stake in shares of Champion Homes by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock worth $2,666,000 after acquiring an additional 138 shares during the last quarter. Ulland Investment Advisors LLC boosted its stake in shares of Champion Homes by 0.3% during the 3rd quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock worth $3,564,000 after acquiring an additional 155 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Champion Homes by 4.7% during the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after acquiring an additional 161 shares during the last quarter. CWM LLC boosted its stake in shares of Champion Homes by 8.2% during the 4th quarter. CWM LLC now owns 2,608 shares of the company’s stock worth $220,000 after acquiring an additional 198 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Champion Homes by 1.9% during the 4th quarter. ProShare Advisors LLC now owns 10,995 shares of the company’s stock worth $929,000 after acquiring an additional 207 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on SKY. Weiss Ratings downgraded shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Citigroup began coverage on shares of Champion Homes in a report on Friday. They issued a “buy” rating and a $93.00 target price for the company. UBS Group began coverage on shares of Champion Homes in a report on Friday. They issued a “buy” rating and a $93.00 target price for the company. Royal Bank Of Canada dropped their target price on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Finally, Barclays dropped their target price on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, Champion Homes presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Stock Up 0.6%

Shares of SKY stock opened at $75.20 on Tuesday. The stock has a market cap of $4.13 billion, a P/E ratio of 20.55 and a beta of 1.04. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $74.42 and its two-hundred day simple moving average is $82.16.

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

Champion Homes 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.