Quantinno Capital Management LP Buys 28,585 Shares of Champion Homes, Inc. $SKY

Quantinno Capital Management LP lifted its position in shares of Champion Homes, Inc. (NYSE:SKY) by 442.0% during the first quarter, Holdings Channel reports. The firm owned 35,052 shares of the company’s stock after acquiring an additional 28,585 shares during the period. Quantinno Capital Management LP’s holdings in Champion Homes were worth $2,607,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SKY. Wellington Management Group LLP boosted its holdings in shares of Champion Homes by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock worth $366,619,000 after buying an additional 333,666 shares during the last quarter. Wasatch Advisors LP grew its stake in Champion Homes by 221.3% in the 1st quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock valued at $203,533,000 after buying an additional 1,885,046 shares in the last quarter. State Street Corp grew its stake in Champion Homes by 4.0% in the 2nd quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after buying an additional 98,659 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Champion Homes by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock valued at $129,111,000 after acquiring an additional 80,531 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Champion Homes by 7.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,411,351 shares of the company’s stock valued at $107,785,000 after acquiring an additional 91,989 shares during the period.

Champion Homes Trading Up 0.1%

SKY opened at $94.78 on Monday. The business has a 50 day simple moving average of $81.99 and a two-hundred day simple moving average of $80.98. Champion Homes, Inc. has a one year low of $63.69 and a one year high of $99.17. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 27.63 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97.

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

Insider Activity at Champion Homes

In related news, EVP Joseph A. Kimmell sold 7,922 shares of Champion Homes 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. The trade was a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SKY. UBS Group raised their price target on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. 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. Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday. Finally, Royal Bank Of Canada boosted their price target on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

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.