Champion Homes, Inc. $SKY Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in shares of Champion Homes, Inc. (NYSE:SKY) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,911 shares of the company’s stock after selling 8,362 shares during the quarter. Legal & General Group Plc owned approximately 0.26% of Champion Homes worth $12,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SKY. State of Alaska Department of Revenue raised its holdings in Champion Homes by 0.4% in the 4th 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 holdings in Champion Homes by 0.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock valued at $3,564,000 after buying an additional 155 shares during the period. Mackenzie Financial Corp raised its holdings in Champion Homes by 4.7% in the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after buying an additional 161 shares during the period. CWM LLC raised its holdings in Champion Homes by 8.2% in the 4th quarter. CWM LLC now owns 2,608 shares of the company’s stock valued at $220,000 after buying an additional 198 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Champion Homes by 1.9% in the 4th quarter. ProShare Advisors LLC now owns 10,995 shares of the company’s stock valued at $929,000 after buying an additional 207 shares during the period.

Champion Homes Stock Down 0.2%

Shares of NYSE:SKY opened at $72.63 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. The firm has a market capitalization of $3.99 billion, a PE ratio of 19.84 and a beta of 1.04. The firm’s 50-day moving average is $74.44 and its two-hundred day moving average is $82.25. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $99.17.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on SKY shares. Royal Bank Of Canada reduced their price objective on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Barclays reduced their price objective on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Champion Homes presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the sale, the executive vice president directly owned 51,297 shares in the company, valued at $4,219,178.25. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Champion Homes 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.