William Blair Investment Management LLC Purchases 237,037 Shares of Champion Homes, Inc. $SKY

William Blair Investment Management LLC increased its position in shares of Champion Homes, Inc. (NYSE:SKY) by 30.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,005,203 shares of the company’s stock after buying an additional 237,037 shares during the period. William Blair Investment Management LLC owned 1.80% of Champion Homes worth $76,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SKY. Royal Bank of Canada increased its holdings in Champion Homes by 66.1% in the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after purchasing an additional 4,301 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Champion Homes during the 1st quarter worth approximately $294,000. Millennium Management LLC grew its position in shares of 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 buying an additional 61,405 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Champion Homes by 13.9% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 21,987 shares of the company’s stock valued at $1,377,000 after acquiring an additional 2,680 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Champion Homes by 29.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,922 shares of the company’s stock valued at $2,249,000 after acquiring an additional 8,242 shares during the period.

Champion Homes Stock Up 0.7%

Shares of NYSE:SKY opened at $93.39 on Monday. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $103.93. The business has a fifty day moving average price of $89.61 and a two-hundred day moving average price of $81.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. The company has a market capitalization of $5.16 billion, a PE ratio of 24.84 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SKY shares. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a report on Friday, January 9th. Finally, Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Insider Buying and Selling at Champion Homes

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was 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 directly owned 33,230 shares of the company’s stock, valued at $2,904,634.30. This trade represents a 26.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total value of $159,030.00. Following the transaction, the executive vice president directly owned 54,177 shares in the company, valued at $4,786,537.95. This represents a 3.22% 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 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.