Principal Financial Group Inc. Grows Position in Champion Homes, Inc. $SKY

Principal Financial Group Inc. lifted its holdings in Champion Homes, Inc. (NYSE:SKY) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,347 shares of the company’s stock after buying an additional 11,837 shares during the period. Principal Financial Group Inc.’s holdings in Champion Homes were worth $20,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Champion Homes by 66.1% in the 1st quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after purchasing an additional 4,301 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Champion Homes in the first quarter valued at approximately $294,000. Millennium Management LLC increased its holdings in shares of Champion Homes by 712.0% in the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock valued at $6,636,000 after purchasing an additional 61,405 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Champion Homes by 30.4% in the second quarter. Truist Financial Corp now owns 5,630 shares of the company’s stock valued at $352,000 after purchasing an additional 1,312 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in Champion Homes by 7.5% during the second quarter. KLP Kapitalforvaltning AS now owns 11,500 shares of the company’s stock worth $720,000 after buying an additional 800 shares in the last quarter.

Insider Activity at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total transaction of $159,030.00. Following the completion of the sale, the executive vice president owned 54,177 shares in the company, valued at approximately $4,786,537.95. The trade was a 3.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy A. Burkhardt sold 12,183 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the completion of the transaction, the vice president owned 33,230 shares of the company’s stock, valued at approximately $2,904,634.30. The trade was a 26.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 15,795 shares of company stock valued at $1,372,603. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

SKY has been the subject of several analyst reports. Barclays upped their target price on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday. CJS Securities upgraded shares of Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Champion Homes Trading Up 0.2%

NYSE SKY opened at $83.62 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. The stock has a market capitalization of $4.62 billion, a P/E ratio of 22.24 and a beta of 1.09. The firm’s 50-day moving average is $87.26 and its two-hundred day moving average is $78.51. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $110.00.

Champion Homes (NYSE:SKY) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The business had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $649.40 million. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

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.