Thrivent Financial for Lutherans Sells 1,871,342 Shares of Champion Homes, Inc. $SKY

Thrivent Financial for Lutherans cut its holdings in Champion Homes, Inc. (NYSE:SKY) by 90.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 197,528 shares of the company’s stock after selling 1,871,342 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.35% of Champion Homes worth $15,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC increased its position in Champion Homes by 7.0% in the 3rd quarter. CWM LLC now owns 2,410 shares of the company’s stock valued at $184,000 after acquiring an additional 157 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Champion Homes by 5.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock valued at $220,000 after purchasing an additional 183 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Champion Homes by 33.7% during 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 during the last quarter. Arizona State Retirement System increased its holdings in shares of Champion Homes by 1.4% in the third quarter. Arizona State Retirement System now owns 16,103 shares of the company’s stock valued at $1,230,000 after purchasing an additional 224 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in Champion Homes by 3.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 6,638 shares of the company’s stock worth $416,000 after purchasing an additional 238 shares during the last quarter.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 1,812 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $82.04, for a total transaction of $148,656.48. Following the sale, the executive vice president owned 55,977 shares of the company’s stock, valued at approximately $4,592,353.08. This trade represents a 3.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the transaction, the vice president owned 33,230 shares in the company, valued at approximately $2,904,634.30. This represents a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 15,795 shares of company stock worth $1,372,603. Insiders own 1.20% of the company’s stock.

Champion Homes Price Performance

Shares of SKY opened at $75.78 on Wednesday. The stock has a market cap of $4.23 billion, a P/E ratio of 19.68 and a beta of 1.09. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $110.00. The stock’s 50-day moving average price is $87.41 and its two-hundred day moving average price is $78.14. 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 announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. The business had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. Champion Homes’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. On average, equities analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 price objective on shares of Champion Homes in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Barclays lifted their price objective on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Finally, Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.