Voya Investment Management LLC Sells 36,887 Shares of Champion Homes, Inc. $SKY

Voya Investment Management LLC decreased its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 489,115 shares of the company’s stock after selling 36,887 shares during the period. Voya Investment Management LLC owned about 0.87% of Champion Homes worth $37,354,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its stake in Champion Homes by 10,171.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock valued at $45,000 after buying an additional 712 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of Champion Homes in the second quarter worth $48,000. Blue Trust Inc. increased its position in Champion Homes by 49.8% during the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock valued at $56,000 after acquiring an additional 299 shares during the last quarter. AlphaQuest LLC lifted its holdings in Champion Homes by 1,231.3% in the first quarter. AlphaQuest LLC now owns 852 shares of the company’s stock valued at $81,000 after acquiring an additional 788 shares during the period. Finally, Headlands Technologies LLC bought a new position in Champion Homes in the second quarter valued at about $92,000.

Insiders Place Their Bets

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the sale, the vice president owned 33,230 shares in the company, valued at approximately $2,904,634.30. This represents a 26.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 1,800 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $88.35, for a total value of $159,030.00. Following the completion of the transaction, the executive vice president owned 54,177 shares in the company, valued at $4,786,537.95. The trade was a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,795 shares of company stock valued at $1,372,603 in the last quarter. 1.20% of the stock is currently owned by company insiders.

Champion Homes Price Performance

Shares of NYSE:SKY opened at $86.89 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 1.77. Champion Homes, Inc. has a 1-year low of $59.44 and a 1-year high of $110.00. The company has a market capitalization of $4.85 billion, a P/E ratio of 22.57 and a beta of 1.06. The firm’s 50 day simple moving average is $79.38 and its two-hundred day simple moving average is $72.69.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The firm had revenue of $684.43 million during the quarter, compared to analysts’ expectations of $636.96 million. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. Research analysts expect that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

SKY has been the subject of several research reports. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $85.00 to $91.00 in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Finally, CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Champion Homes presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.50.

About Champion Homes

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.