Louisiana State Employees Retirement System Buys New Shares in Champion Homes, Inc. $SKY

Louisiana State Employees Retirement System acquired a new position in shares of Champion Homes, Inc. (NYSE:SKY) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 24,500 shares of the company’s stock, valued at approximately $1,822,000.

A number of other hedge funds also recently bought and sold shares of SKY. Royal Bank of Canada raised its holdings in shares of Champion Homes by 66.1% during the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock valued at $1,024,000 after acquiring an additional 4,301 shares during the period. AQR Capital Management LLC acquired a new position in Champion Homes in the 1st quarter worth approximately $294,000. Millennium Management LLC grew its position in Champion Homes by 712.0% during the 1st quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock worth $6,636,000 after purchasing an additional 61,405 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Champion Homes during the 2nd quarter worth approximately $408,000. Finally, Invesco Ltd. raised its stake in Champion Homes by 150.6% during the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock valued at $41,016,000 after purchasing an additional 393,686 shares during the period.

Champion Homes Trading Up 1.0%

NYSE SKY opened at $88.30 on Wednesday. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 1-year low of $60.13 and a 1-year high of $99.17. The firm’s fifty day simple moving average is $76.58 and its 200-day simple moving average is $82.03. The company has a market capitalization of $4.85 billion, a PE ratio of 24.12 and a beta of 1.04.

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

Wall Street Analyst Weigh In

SKY has been the subject of several recent analyst reports. Zacks Research cut Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. UBS Group started coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 price target on the stock. Citigroup started 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. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Finally, Royal Bank Of Canada lowered their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Champion Homes currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president directly owned 32,118 shares in the company, valued at $2,438,077.38. The trade was a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

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.