Janus Henderson Group PLC Acquires 43,678 Shares of Champion Homes, Inc. $SKY

Janus Henderson Group PLC grew its holdings in Champion Homes, Inc. (NYSE:SKY) by 42.5% in the 1st quarter, Holdings Channel reports. The fund owned 146,528 shares of the company’s stock after purchasing an additional 43,678 shares during the quarter. Janus Henderson Group PLC’s holdings in Champion Homes were worth $10,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SKY. Los Angeles Capital Management LLC acquired a new position in shares of Champion Homes during the fourth quarter valued at about $26,000. UMB Bank n.a. raised its holdings in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Champion Homes in the 4th quarter worth approximately $26,000. Parallel Advisors LLC grew its holdings in shares of Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Champion Homes during the third quarter valued at approximately $35,000.

Champion Homes Price Performance

NYSE:SKY opened at $82.55 on Wednesday. The firm has a market cap of $4.53 billion, a PE ratio of 22.55 and a beta of 1.01. Champion Homes, Inc. has a 12 month low of $63.69 and a 12 month 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 50-day moving average price is $80.85 and its two-hundred day moving average price is $81.07.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). The firm had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%.The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. On average, equities analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays raised their target price on Champion Homes from $94.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Royal Bank Of Canada dropped their price target on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. UBS Group initiated coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. Finally, Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $75.70, for a total transaction of $599,695.40. Following the sale, the executive vice president directly owned 36,118 shares in the company, valued at $2,734,132.60. This represents a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

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.