Wilmington Savings Fund Society FSB Purchases Shares of 37,427 Champion Homes, Inc. $SKY

Wilmington Savings Fund Society FSB acquired a new stake in shares of Champion Homes, Inc. (NYSE:SKY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,427 shares of the company’s stock, valued at approximately $2,858,000. Wilmington Savings Fund Society FSB owned about 0.07% of Champion Homes at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Champion Homes by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock valued at $366,619,000 after purchasing an additional 333,666 shares during the period. State Street Corp increased its position in Champion Homes by 4.0% during the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock worth $161,477,000 after acquiring an additional 98,659 shares during the period. Thrivent Financial for Lutherans raised its stake in Champion Homes by 6.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,870 shares of the company’s stock valued at $129,532,000 after purchasing an additional 122,895 shares during the last quarter. American Century Companies Inc. boosted its holdings in Champion Homes by 50.8% in the 2nd quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock valued at $121,804,000 after purchasing an additional 655,505 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Champion Homes by 1.1% in the 3rd quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock valued at $134,593,000 after purchasing an additional 19,784 shares during the period.

Insider Activity at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the transaction, the executive vice president directly owned 51,297 shares of the company’s stock, valued at $4,219,178.25. This represents a 5.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Champion Homes Price Performance

Champion Homes stock opened at $75.05 on Thursday. The business’s fifty day moving average is $88.69 and its two-hundred day moving average is $82.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The firm has a market cap of $4.15 billion, a P/E ratio of 19.96 and a beta of 1.02. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.13. The company had revenue of $656.61 million during the quarter, compared to analyst estimates of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS. Equities research analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SKY shares. Barclays increased their target price on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. One investment 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. Based on data from MarketBeat.com, Champion Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

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.