VIRGINIA RETIREMENT SYSTEMS ET Al Buys 5,400 Shares of Champion Homes, Inc. $SKY

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Champion Homes, Inc. (NYSE:SKY) by 154.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,900 shares of the company’s stock after acquiring an additional 5,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Champion Homes were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC increased its position in shares of Champion Homes by 4.4% during the 3rd quarter. Sowell Financial Services LLC now owns 3,417 shares of the company’s stock valued at $293,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. lifted its position in Champion Homes by 16.8% during the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 144 shares in the last quarter. Mirador Capital Partners LP grew its holdings in Champion Homes by 0.3% during the second quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock valued at $4,554,000 after purchasing an additional 178 shares during the period. Bessemer Group Inc. increased its position in Champion Homes by 0.4% in the first quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock worth $3,544,000 after buying an additional 184 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Champion Homes by 80.3% in the third quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $46,000 after buying an additional 241 shares during the period.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price objective on shares of Champion Homes from $94.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Zelman & Associates raised Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. UBS Group lifted their price objective on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $104.25.

Insider Activity at Champion Homes

In related news, Director Michael Berman sold 1,500 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $93.22, for a total transaction of $139,830.00. Following the transaction, the director directly owned 6,825 shares in the company, valued at approximately $636,226.50. This represents a 18.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Champion Homes News Summary

Here are the key news stories impacting Champion Homes this week:

• Positive Sentiment: Quarterly EPS of $0.95 topped estimates, while revenue of $727 million exceeded expectations and grew 6.2% year over year. Zacks earnings report
• Positive Sentiment: Manufacturing orders rose 17% year over year, and captive retail accounted for 39% of second-quarter sales, pointing to activity across the business. The Motley Fool article
• Positive Sentiment: RBC raised its price target to $99 from $94 and maintained an Outperform rating; Barclays lifted its target to $110 from $109 and kept an Overweight rating. These revisions signal continued analyst optimism. RBC price target update
• Negative Sentiment: Despite the sales growth and earnings beat, EPS was down from $1.01 a year earlier, and coverage of the earnings call highlighted cost pressures squeezing margins. That may temper the positive results and analyst outlook. 247WallSt earnings analysis

Champion Homes Stock Performance

Champion Homes stock opened at $93.06 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a twelve month low of $63.87 and a twelve month high of $99.17. The company’s 50-day moving average price is $83.97 and its 200-day moving average price is $82.45. The company has a market cap of $5.05 billion, a PE ratio of 27.61 and a beta of 1.03.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $727.03 million for the quarter, compared to analysts’ expectations of $719.71 million. Champion Homes had a return on equity of 12.17% and a net margin of 6.84%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.40 EPS for the current fiscal year.

Champion Homes Profile

Champion Homes, Inc (NYSE:SKY) is a manufacturer of factory-built housing in the United States and Canada. The company designs and produces manufactured homes, modular homes and other residential structures in controlled factory environments, offering housing solutions for individual homeowners, developers, retailers and communities.

Its products include single-section and multi-section manufactured homes, modular homes, accessory dwelling units and park model recreational vehicles. Champion Homes markets its products through independent retailers, company-owned retail operations and other distribution channels, and also provides related construction and installation services in selected markets.

The company traces its heritage to the Skyline and Champion businesses, which combined in 2018 to form Skyline Champion Corporation.