Champion Homes, Inc. $SKY Shares Purchased by Strs Ohio

Strs Ohio raised its position in Champion Homes, Inc. (NYSE:SKY) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,200 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Strs Ohio’s holdings in Champion Homes were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Alliancebernstein L.P. grew its holdings in Champion Homes by 67.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock worth $162,652,000 after buying an additional 689,265 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Champion Homes by 63.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock worth $95,484,000 after acquiring an additional 392,159 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Champion Homes by 6.8% in the first quarter. Burgundy Asset Management Ltd. now owns 812,204 shares of the company’s stock worth $76,964,000 after purchasing an additional 51,853 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Champion Homes by 3.1% during the second quarter. William Blair Investment Management LLC now owns 768,166 shares of the company’s stock valued at $48,095,000 after purchasing an additional 22,833 shares during the period. Finally, Congress Asset Management Co. raised its stake in shares of Champion Homes by 11.2% during the second quarter. Congress Asset Management Co. now owns 735,854 shares of the company’s stock valued at $46,072,000 after purchasing an additional 74,276 shares in the last quarter.

Champion Homes Price Performance

Shares of NYSE SKY opened at $81.13 on Friday. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $116.49. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $73.39 and a two-hundred day moving average of $72.62. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 21.58 and a beta of 1.14.

Champion Homes (NYSE:SKY) last released its 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. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The business had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. During the same period in the previous year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts expect that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SKY shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Barclays upped their price target on shares of Champion Homes from $74.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Royal Bank Of Canada raised Champion Homes from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $85.00 to $91.00 in a report on Thursday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.00.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 1,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $65.24, for a total transaction of $65,240.00. Following the completion of the sale, the executive vice president owned 43,568 shares in the company, valued at approximately $2,842,376.32. This represents a 2.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

About Champion Homes

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.