FJ Capital Management LLC Acquires New Position in Champion Homes, Inc. $SKY

FJ Capital Management LLC purchased a new stake in Champion Homes, Inc. (NYSE:SKY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 35,462 shares of the company’s stock, valued at approximately $2,997,000. FJ Capital Management LLC owned approximately 0.06% of Champion Homes at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in Champion Homes by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock valued at $2,666,000 after acquiring an additional 138 shares during the last quarter. UMB Bank n.a. grew its holdings in Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares during the period. Ulland Investment Advisors LLC increased its position in Champion Homes by 0.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock valued at $3,564,000 after buying an additional 155 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Champion Homes by 4.7% in the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after purchasing an additional 161 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Champion Homes by 8.2% in the fourth quarter. CWM LLC now owns 2,608 shares of the company’s stock valued at $220,000 after buying an additional 198 shares in the last quarter.

Wall Street Analysts Forecast Growth

SKY has been the topic of several analyst reports. Royal Bank Of Canada cut their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Barclays dropped their price target on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Zacks Research cut Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Finally, Citigroup initiated coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.00.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $75.70, for a total transaction of $599,695.40. Following the completion of the transaction, the executive vice president owned 36,118 shares of the company’s stock, valued at approximately $2,734,132.60. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Champion Homes Stock Performance

NYSE SKY opened at $78.69 on Friday. The firm has a market cap of $4.32 billion, a P/E ratio of 21.50 and a beta of 1.04. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $74.80 and its 200-day moving average is $82.11. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $99.17.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Sell-side analysts predict that Champion Homes, Inc. will post 3.4 earnings per share 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.