Nordea Investment Management AB Has $12.23 Million Holdings in Champion Homes, Inc. $SKY

Nordea Investment Management AB raised its position in Champion Homes, Inc. (NYSE:SKY) by 39.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 164,340 shares of the company’s stock after acquiring an additional 46,516 shares during the period. Nordea Investment Management AB owned about 0.29% of Champion Homes worth $12,229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in shares of Champion Homes in the third quarter valued at about $30,000. AdvisorNet Financial Inc acquired a new position in shares of Champion Homes during the 3rd quarter worth approximately $50,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Champion Homes by 10,171.4% during the 2nd 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. Nisa Investment Advisors LLC boosted its holdings in shares of Champion Homes by 33.7% in the 3rd 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 last quarter. Finally, Blue Trust Inc. grew its stake in shares of 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 buying an additional 299 shares in the last quarter.

Insider Activity at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,812 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $82.04, for a total value of $148,656.48. Following the transaction, the executive vice president owned 55,977 shares of the company’s stock, valued at $4,592,353.08. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Timothy A. Burkhardt sold 12,183 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was 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 approximately $2,904,634.30. This represents a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,795 shares of company stock valued at $1,372,603 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SKY shares. Barclays upped their target price on shares of Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Champion Homes presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Champion Homes Stock Up 1.7%

SKY stock opened at $97.21 on Friday. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $110.00. The firm has a 50-day simple moving average of $85.62 and a 200-day simple moving average of $75.97. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.43 billion, a P/E ratio of 25.25 and a beta of 1.08.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.20. The company had revenue of $684.43 million during the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a net margin of 8.41% and a return on equity of 14.36%. Champion Homes’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Equities analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

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.