Vanguard Group Inc. Sells 226,773 Shares of Champion Homes, Inc. $SKY

Vanguard Group Inc. reduced its stake in Champion Homes, Inc. (NYSE:SKY) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,859,739 shares of the company’s stock after selling 226,773 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Champion Homes worth $447,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SKY. Fifth Third Bancorp increased its position in Champion Homes by 64.9% in the third quarter. Fifth Third Bancorp now owns 4,567 shares of the company’s stock worth $349,000 after buying an additional 1,797 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Champion Homes by 35.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,762 shares of the company’s stock worth $2,273,000 after acquiring an additional 7,775 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Champion Homes by 25.0% during the third quarter. PNC Financial Services Group Inc. now owns 6,009 shares of the company’s stock valued at $459,000 after purchasing an additional 1,203 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Champion Homes by 22.7% in the third quarter. Public Sector Pension Investment Board now owns 220,454 shares of the company’s stock worth $16,836,000 after purchasing an additional 40,794 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Champion Homes by 4.3% in the third quarter. Rhumbline Advisers now owns 157,253 shares of the company’s stock worth $12,009,000 after purchasing an additional 6,503 shares in the last quarter.

Wall Street Analyst Weigh In

SKY has been the topic of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a research note on Friday, January 9th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. One 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. According to data from MarketBeat, Champion Homes currently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Insider Buying and Selling

In other news, EVP Joseph A. Kimmell sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total transaction of $159,030.00. Following the transaction, the executive vice president owned 54,177 shares of the company’s stock, valued at approximately $4,786,537.95. The trade was a 3.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes 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 directly owned 33,230 shares of the company’s stock, valued at $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

Champion Homes Stock Performance

Champion Homes stock opened at $92.56 on Thursday. The company’s 50-day moving average price is $89.37 and its 200-day moving average price is $81.04. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The company has a market cap of $5.12 billion, a PE ratio of 24.62 and a beta of 1.09. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $104.91.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.83 by $0.13. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The company had revenue of $656.61 million during the quarter, compared to analyst estimates of $649.40 million. During the same quarter last year, the business posted $1.04 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

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.