Norges Bank Purchases New Position in Champion Homes, Inc. $SKY

Norges Bank purchased a new stake in shares of Champion Homes, Inc. (NYSE:SKY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 478,952 shares of the company’s stock, valued at approximately $40,471,000. Norges Bank owned approximately 0.87% of Champion Homes as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SKY. Marshall Wace LLP increased its position in shares of Champion Homes by 1,149.3% during the third quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock valued at $106,738,000 after acquiring an additional 1,285,768 shares in the last quarter. Invesco Ltd. increased its position in shares of Champion Homes by 150.6% during the second quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock valued at $41,016,000 after acquiring an additional 393,686 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Champion Homes by 48.0% during the third quarter. Wasatch Advisors LP now owns 1,148,641 shares of the company’s stock valued at $87,722,000 after acquiring an additional 372,548 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Champion Homes by 7.5% during the third quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock valued at $366,619,000 after acquiring an additional 333,666 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Champion Homes during the second quarter valued at approximately $20,242,000.

Wall Street Analyst Weigh In

SKY has been the subject of several analyst reports. Weiss Ratings downgraded shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Citigroup assumed coverage on shares of Champion Homes in a research report on Friday. They issued a “buy” rating and a $93.00 target price for the company. Royal Bank Of Canada cut their target price 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. Barclays cut their target price on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Finally, Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Trading Up 0.6%

NYSE:SKY opened at $75.20 on Tuesday. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $99.17. The company has a market cap of $4.13 billion, a PE ratio of 20.55 and a beta of 1.04. The company has a 50 day simple moving average of $74.42 and a two-hundred day simple moving average of $82.16.

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

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.