Champion Homes, Inc. $SKY Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 210,372 shares of the company’s stock after buying an additional 12,844 shares during the period. Thrivent Financial for Lutherans owned 0.38% of Champion Homes worth $17,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Wace LLP boosted its holdings in shares of Champion Homes by 1,149.3% in the 3rd quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock valued at $106,738,000 after buying an additional 1,285,768 shares in the last quarter. Invesco Ltd. grew its position in shares of Champion Homes by 150.6% in the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock valued at $41,016,000 after buying an additional 393,686 shares during the last quarter. Wasatch Advisors LP raised its stake in Champion Homes by 48.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,148,641 shares of the company’s stock worth $87,722,000 after acquiring an additional 372,548 shares in the last quarter. Wellington Management Group LLP raised 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 worth $366,619,000 after acquiring an additional 333,666 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Champion Homes in the second quarter valued at $20,242,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Monday, April 20th. Finally, Barclays reduced their price objective on Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. One investment 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.50.

Insider Buying and Selling at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the transaction, the executive vice president owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Champion Homes Stock Down 0.7%

SKY opened at $65.80 on Tuesday. 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 12 month low of $59.44 and a 12 month high of $99.17. The stock has a market capitalization of $3.64 billion, a P/E ratio of 17.50 and a beta of 1.07. The business has a 50 day simple moving average of $75.91 and a 200-day simple moving average of $82.54.

Champion Homes (NYSE:SKY) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. On average, equities analysts anticipate that Champion Homes, Inc. will post 3.8 earnings per share for the current fiscal 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.