GW&K Investment Management LLC Sells 8,262 Shares of Champion Homes, Inc. $SKY

GW&K Investment Management LLC cut its stake in Champion Homes, Inc. (NYSE:SKY) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 493,096 shares of the company’s stock after selling 8,262 shares during the quarter. GW&K Investment Management LLC owned about 0.89% of Champion Homes worth $41,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new position in Champion Homes in the 4th quarter worth about $26,000. Advisory Services Network LLC bought a new stake in shares of Champion Homes during the third quarter valued at about $35,000. Hantz Financial Services Inc. lifted its holdings in shares of Champion Homes by 258.3% in the fourth quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock worth $47,000 after buying an additional 403 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Champion Homes by 447.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 941 shares of the company’s stock valued at $80,000 after acquiring an additional 769 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Champion Homes in the second quarter valued at approximately $92,000.

Champion Homes Stock Performance

Champion Homes stock opened at $77.87 on Wednesday. The firm has a fifty day simple moving average of $74.53 and a two-hundred day simple moving average of $82.17. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The company has a market capitalization of $4.27 billion, a PE ratio of 21.28 and a beta of 1.04.

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

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $75.70, for a total transaction of $599,695.40. Following the transaction, the executive vice president directly owned 36,118 shares in the company, valued at $2,734,132.60. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group started coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Barclays decreased their price target 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. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Finally, Royal Bank Of Canada dropped their price objective on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.00.

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.