Champion Homes, Inc. $SKY Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 30.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 161,300 shares of the company’s stock after selling 72,136 shares during the period. Victory Capital Management Inc.’s holdings in Champion Homes were worth $12,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in shares of Champion Homes by 257.4% during the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after buying an additional 278 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Champion Homes in the third quarter valued at approximately $30,000. AdvisorNet Financial Inc acquired a new position in Champion Homes during the 3rd quarter worth approximately $50,000. Nisa Investment Advisors LLC grew its holdings in Champion Homes by 33.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock worth $65,000 after acquiring an additional 215 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Champion Homes in the 2nd quarter valued at approximately $92,000.

Insider Activity at Champion Homes

In related news, VP Timothy A. Burkhardt sold 12,183 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the sale, the vice president owned 33,230 shares in the company, valued at $2,904,634.30. This represents a 26.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 2,880 shares of the 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 sale, the executive vice president owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

Champion Homes Stock Down 0.6%

SKY opened at $78.61 on Thursday. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The stock has a market capitalization of $4.35 billion, a P/E ratio of 20.91 and a beta of 1.02. The business’s 50-day simple moving average is $89.50 and its 200-day simple moving average is $82.01.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. The firm had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. Analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SKY shares. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. Barclays increased their price objective on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a research note on Friday, January 9th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

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.