Champion Homes, Inc. $SKY Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its holdings in Champion Homes, Inc. (NYSE:SKY) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,262 shares of the company’s stock after selling 29,078 shares during the quarter. Nordea Investment Management AB’s holdings in Champion Homes were worth $11,507,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position 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 worth $29,000 after buying an additional 278 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Champion Homes during the third quarter worth about $30,000. Advisory Services Network LLC acquired a new position in Champion Homes during the third quarter worth about $35,000. AdvisorNet Financial Inc purchased a new stake in shares of Champion Homes in the third quarter valued at about $50,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Champion Homes by 33.7% in the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares in the last quarter.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of Champion Homes stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the sale, the executive vice president directly owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. The trade was a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SKY. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. CJS Securities raised Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Barclays increased 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. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Champion Homes currently has an average rating of “Moderate Buy” and an average target price of $106.00.

Champion Homes Price Performance

NYSE:SKY opened at $74.80 on Wednesday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $99.17. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 19.89 and a beta of 1.02. The company’s 50-day moving average is $87.10 and its two-hundred day moving average is $82.07. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01.

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