State of Wyoming Buys New Holdings in Champion Homes, Inc. $SKY

State of Wyoming purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,563 shares of the company’s stock, valued at approximately $578,000.

A number of other large investors have also bought and sold shares of SKY. UMB Bank n.a. lifted its position in Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after purchasing an additional 138 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Champion Homes in the fourth quarter worth approximately $26,000. Kestra Advisory Services LLC bought a new position in shares of Champion Homes in the fourth quarter worth approximately $26,000. Parallel Advisors LLC increased its stake in shares of Champion Homes by 668.6% in the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Champion Homes during the 3rd quarter valued at $35,000.

Insider Buying and Selling

In related news, Director Erin Claire Helgren sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the sale, the director owned 8,196 shares in the company, valued at $778,620. This represents a 11.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joseph A. Kimmell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total value of $303,640.00. Following the transaction, the executive vice president directly owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,522 shares of company stock worth $1,147,665 in the last 90 days. Insiders own 0.60% of the company’s stock.

Champion Homes Trading Down 0.0%

NYSE:SKY opened at $94.53 on Monday. Champion Homes, Inc. has a one year low of $63.69 and a one year high of $99.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97. The company’s 50-day simple moving average is $84.08 and its 200 day simple moving average is $81.02. The firm has a market capitalization of $5.13 billion, a P/E ratio of 27.56 and a beta of 1.01.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The business had revenue of $710.23 million during the quarter, compared to the consensus estimate of $701.98 million. During the same quarter last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts forecast that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SKY shares. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Barclays upped their target price on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Zelman & Associates raised Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. Finally, UBS Group lifted their price target on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

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.