Maryland State Retirement & Pension System Trims Stock Position in Champion Homes, Inc. $SKY

Maryland State Retirement & Pension System trimmed its position in Champion Homes, Inc. (NYSE:SKY) by 47.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,125 shares of the company’s stock after selling 7,361 shares during the period. Maryland State Retirement & Pension System’s holdings in Champion Homes were worth $621,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SKY. Salomon & Ludwin LLC purchased a new stake in shares of Champion Homes in the third quarter worth $30,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Champion Homes by 10,171.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after purchasing an additional 712 shares in the last quarter. AdvisorNet Financial Inc bought a new position in shares of Champion Homes in the third quarter worth approximately $50,000. Blue Trust Inc. raised its stake in Champion Homes by 49.8% in the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock valued at $56,000 after purchasing an additional 299 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in 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.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research report on Friday, November 7th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a research note on Friday, January 9th. Finally, Barclays lifted their price target on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Insider Buying and Selling at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,800 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total value of $159,030.00. Following the sale, the executive vice president owned 54,177 shares of the company’s stock, valued at $4,786,537.95. This trade represents a 3.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,904,634.30. The trade was a 26.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,795 shares of company stock valued at $1,372,603 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Champion Homes Price Performance

Shares of Champion Homes stock opened at $93.71 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. The business’s 50 day simple moving average is $86.92 and its two-hundred day simple moving average is $76.98. The stock has a market capitalization of $5.23 billion, a P/E ratio of 24.34 and a beta of 1.08. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $110.00.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The firm had revenue of $684.43 million during the quarter, compared to analyst estimates of $636.96 million. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts forecast 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.