Wilmington Savings Fund Society FSB Buys Shares of 37,586 Champion Homes, Inc. $SKY

Wilmington Savings Fund Society FSB bought a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 37,586 shares of the company’s stock, valued at approximately $2,870,000.

A number of other large investors have also made changes to their positions in the stock. Salomon & Ludwin LLC purchased a new stake in Champion Homes during the third quarter worth about $30,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Champion Homes by 10,171.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock valued at $45,000 after acquiring an additional 712 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Champion Homes during the 3rd quarter valued at approximately $50,000. Blue Trust Inc. boosted its stake in shares of Champion Homes by 49.8% during the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after acquiring an additional 299 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Champion Homes by 33.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock worth $65,000 after acquiring an additional 215 shares during the period.

Champion Homes Price Performance

NYSE:SKY opened at $96.40 on Friday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $110.00. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 25.04 and a beta of 1.08. The company’s 50-day moving average is $85.88 and its two-hundred day moving average is $76.27. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The business had revenue of $684.43 million during the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. Research analysts expect that Champion Homes, Inc. will post 3.63 EPS for the current year.

Insiders Place Their Bets

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the stock in a transaction 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 transaction, the vice president owned 33,230 shares of the company’s stock, valued at $2,904,634.30. This represents a 26.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joseph A. Kimmell sold 1,812 shares of Champion Homes stock in a transaction on Monday, November 24th. The shares were sold at an average price of $82.04, for a total value of $148,656.48. Following the completion of the sale, the executive vice president directly owned 55,977 shares of the company’s stock, valued at approximately $4,592,353.08. This represents a 3.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 15,795 shares of company stock worth $1,372,603. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SKY shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a report on Friday, January 9th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Finally, Barclays increased 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $106.00.

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.