Northwestern Mutual Wealth Management Co. Purchases 21,431 Shares of Champion Homes, Inc. $SKY

Key Points

• Northwestern Mutual Wealth Management Co. dramatically increased its stake in Champion Homes, buying 21,431 additional shares in the fourth quarter and lifting its position to 21,589 shares worth about $1.82 million.
• Several other hedge funds also added to or initiated positions in SKY, indicating continued institutional interest in the stock.
• Champion Homes is trading around $74 per share and recently reported strong results, with analysts maintaining a consensus Moderate Buy rating and a $93 average price target despite some recent target cuts.

Northwestern Mutual Wealth Management Co. raised its position in Champion Homes, Inc. (NYSE:SKY - Free Report) by 13,563.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,589 shares of the company's stock after buying an additional 21,431 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Champion Homes were worth $1,824,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SKY. Advisory Services Network LLC bought a new stake in shares of Champion Homes in the third quarter valued at $35,000. Headlands Technologies LLC bought a new stake in shares of Champion Homes in the second quarter valued at $92,000. Exchange Traded Concepts LLC bought a new stake in shares of Champion Homes in the fourth quarter valued at $122,000. GAMMA Investing LLC raised its stake in shares of Champion Homes by 92.1% in the fourth quarter. GAMMA Investing LLC now owns 1,489 shares of the company's stock valued at $126,000 after buying an additional 714 shares during the period. Finally, Byrne Asset Management LLC raised its stake in shares of Champion Homes by 174.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,098 shares of the company's stock valued at $177,000 after buying an additional 1,334 shares during the period.

Champion Homes Price Performance

Champion Homes stock opened at $74.00 on Thursday. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17. The business has a 50-day simple moving average of $74.65 and a 200 day simple moving average of $82.58. The company has a quick ratio of 1.89, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 20.22 and a beta of 1.07.

Champion Homes (NYSE:SKY - Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. On average, research analysts forecast that Champion Homes, Inc. will post 3.6 earnings per share for the current fiscal year.

More Champion Homes News

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

• Positive Sentiment: Champion Homes beat fiscal Q4 expectations, reporting adjusted EPS of $0.68 versus $0.63 expected and revenue of $621.3 million versus $607.4 million expected, with sales up 15.2% year over year. Article: Champion Homes (SKY) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Investors are also encouraged by management’s outlook, which calls for Q1 FY2027 adjusted gross margin of 24.5% to 25.5% and includes plans to close the Homes Direct acquisition in Q2, supporting the company’s vertical integration strategy. Article: Champion Homes expects Q1 FY2027 adjusted gross margin of 24.5% to 25.5% while planning Homes Direct deal in Q2
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Champion Homes to $92 from $101, but kept an “outperform” rating, suggesting analysts still see meaningful upside from current levels. Article: Royal Bank of Canada price target update
• Neutral Sentiment: Recent commentary from Seeking Alpha and earnings-call coverage highlights that Champion Homes is outperforming a weak housing backdrop, aided by affordability in manufactured housing and continued growth through acquisitions, which supports sentiment but also reflects ongoing margin pressure concerns. Article: Champion Homes: Successfully Withstanding Weak Housing Market (Rating Upgrade)

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 2,880 shares of the business's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the transaction, the executive vice president directly owned 51,297 shares in the company, valued at $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on SKY shares. Zelman & Associates lowered Champion Homes from an "outperform" rating to a "hold" rating in a research note on Thursday, February 5th. 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Champion Homes in a research report on Monday, April 20th. Finally, Barclays reduced their price target on Champion Homes from $106.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $93.00.

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.

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