TD Asset Management Inc Sells 9,580 Shares of Champion Homes, Inc. $SKY

TD Asset Management Inc cut its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 43.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,372 shares of the company’s stock after selling 9,580 shares during the quarter. TD Asset Management Inc’s holdings in Champion Homes were worth $945,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of Champion Homes by 257.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after purchasing an additional 278 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Champion Homes in the 3rd quarter worth $30,000. AdvisorNet Financial Inc bought a new stake in Champion Homes in the third quarter worth $50,000. Nisa Investment Advisors LLC boosted its position in Champion Homes by 33.7% during the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after buying an additional 215 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Champion Homes during the second quarter valued at about $92,000.

Insider Buying and Selling

In other Champion Homes news, 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 value of $1,064,916.03. Following the completion of the transaction, the vice president directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 1,800 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was 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 directly owned 54,177 shares of the company’s stock, valued at approximately $4,786,537.95. This represents a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Barclays lifted their price target on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, CJS Securities raised 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, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Champion Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Champion Homes Stock Down 6.3%

Shares of NYSE:SKY opened at $82.58 on Friday. The stock’s 50-day moving average is $89.86 and its 200 day moving average is $81.83. The company has a market cap of $4.57 billion, a PE ratio of 21.96 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $99.17.

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