Wasatch Advisors LP Buys 1,885,046 Shares of Champion Homes, Inc. $SKY

Wasatch Advisors LP increased its position in Champion Homes, Inc. (NYSE:SKY) by 221.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,736,767 shares of the company’s stock after buying an additional 1,885,046 shares during the period. Champion Homes accounts for about 1.4% of Wasatch Advisors LP’s investment portfolio, making the stock its 23rd biggest position. Wasatch Advisors LP’s holdings in Champion Homes were worth $203,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Champion Homes by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock valued at $366,619,000 after buying an additional 333,666 shares in the last quarter. State Street Corp raised its holdings in shares of Champion Homes by 4.0% during the 2nd quarter. State Street Corp now owns 2,579,091 shares of the company’s stock worth $161,477,000 after acquiring an additional 98,659 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Champion Homes by 1.1% during the 3rd quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock worth $134,593,000 after acquiring an additional 19,784 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Champion Homes by 8.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,655,633 shares of the company’s stock valued at $139,904,000 after acquiring an additional 125,114 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Champion Homes by 7.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,411,351 shares of the company’s stock valued at $107,785,000 after acquiring an additional 91,989 shares during the last quarter.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 7,922 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $75.70, for a total transaction of $599,695.40. Following the transaction, the executive vice president owned 36,118 shares of the company’s stock, valued at approximately $2,734,132.60. This represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Champion Homes Stock Performance

Shares of NYSE:SKY opened at $88.79 on Friday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 24.26 and a beta of 1.04. Champion Homes, Inc. has a 12 month low of $60.13 and a 12 month high of $99.17. The firm’s 50-day moving average is $76.19 and its 200 day moving average is $82.02. 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 (NYSE:SKY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Research analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SKY. Royal Bank Of Canada reduced their price target on shares of 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 lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. UBS Group started coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Barclays reduced their target price on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Champion Homes has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

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.