William Blair Investment Management LLC Acquires 15,497 Shares of Champion Homes, Inc. $SKY

William Blair Investment Management LLC raised its position in shares of Champion Homes, Inc. (NYSE:SKY) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,020,700 shares of the company’s stock after acquiring an additional 15,497 shares during the period. William Blair Investment Management LLC owned approximately 1.85% of Champion Homes worth $86,249,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in shares of Champion Homes by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock valued at $2,666,000 after buying an additional 138 shares during the period. Ulland Investment Advisors LLC raised its position in Champion Homes by 0.3% in the third quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock worth $3,564,000 after purchasing an additional 155 shares in the last quarter. Mackenzie Financial Corp raised its position in Champion Homes by 4.7% in the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after purchasing an additional 161 shares in the last quarter. CWM LLC raised its position in Champion Homes by 8.2% in the fourth quarter. CWM LLC now owns 2,608 shares of the company’s stock worth $220,000 after purchasing an additional 198 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in Champion Homes by 1.9% in the fourth quarter. ProShare Advisors LLC now owns 10,995 shares of the company’s stock worth $929,000 after purchasing an additional 207 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SKY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research report on Monday, April 20th. Barclays dropped their price target on shares of Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

Champion Homes Stock Performance

NYSE SKY opened at $71.05 on Monday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 18.90 and a beta of 1.07. The company has a 50 day moving average of $75.01 and a 200-day moving average of $82.61. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 1-year low of $59.44 and a 1-year high of $99.17.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. On average, equities analysts forecast that Champion Homes, Inc. will post 3.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the sale, the executive vice president owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Champion Homes Company Profile

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.