State of Wyoming Acquires Shares of 6,563 Champion Homes, Inc. $SKY

State of Wyoming bought a new position in Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,563 shares of the company’s stock, valued at approximately $578,000.

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

Champion Homes Price Performance

NYSE SKY opened at $94.53 on Monday. The business’s fifty day moving average is $84.08 and its 200 day moving average is $81.02. Champion Homes, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The company has a market capitalization of $5.13 billion, a PE ratio of 27.56 and a beta of 1.01.

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

Wall Street Analysts Forecast Growth

SKY has been the topic of several recent analyst reports. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. UBS Group boosted their price target on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada upped their price target on Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, Citigroup began coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. One 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. According to MarketBeat.com, Champion Homes has an average rating of “Moderate Buy” and an average target price of $104.00.

Insider Activity at Champion Homes

In other Champion Homes news, Director Michael B. Berman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $93.22, for a total transaction of $139,830.00. Following the sale, the director owned 6,825 shares in the company, valued at approximately $636,226.50. This trade represents a 18.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erin Claire Helgren sold 1,100 shares of Champion Homes 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. This represents a 11.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,522 shares of company stock worth $1,147,665. 0.60% of the stock is owned by company insiders.

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.