Vanguard Group Inc. Decreases Position in Champion Homes, Inc. $SKY

Key Points

• Vanguard Group Inc. trimmed its Q4 stake in Champion Homes (NYSE:SKY) by 1.6%, selling 91,843 shares and now holds 5,767,896 shares—about 10.33% of the company valued at $487.39 million.
• Equity analysts have a consensus rating of "Moderate Buy" with an average target price of $103.50, though several firms have recently adjusted ratings and lowered price objectives.
• EVP Joseph A. Kimmell sold 2,880 shares at $82.25 (a 5.32% reduction in his holding), while SKY trades with a $4.03 billion market cap, a P/E of 19.4, a 52-week range of $59.44–$99.17, and a recent quarterly EPS beat of $0.96.

Vanguard Group Inc. lessened its position in Champion Homes, Inc. (NYSE:SKY - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,767,896 shares of the company's stock after selling 91,843 shares during the period. Vanguard Group Inc. owned about 10.33% of Champion Homes worth $487,387,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SKY. Nordea Investment Management AB boosted its stake in Champion Homes by 39.5% during the 3rd quarter. Nordea Investment Management AB now owns 164,340 shares of the company's stock valued at $12,229,000 after purchasing an additional 46,516 shares during the last quarter. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Champion Homes in the third quarter worth $1,050,000. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Champion Homes by 7.5% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company's stock valued at $50,700,000 after purchasing an additional 46,555 shares in the last quarter. Kingdon Capital Management L.L.C. bought a new position in shares of Champion Homes during the third quarter valued at $11,456,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Champion Homes by 7.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company's stock valued at $116,877,000 after buying an additional 104,217 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on SKY shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Champion Homes in a report on Monday, April 20th. 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. Zelman & Associates lowered shares of Champion Homes from an "outperform" rating to a "hold" rating in a research note on Thursday, February 5th. Finally, Barclays decreased their price objective on shares of Champion Homes from $111.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, April 8th. 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's stock. Based on data from MarketBeat.com, Champion Homes currently has an average rating of "Moderate Buy" and an average target price of $103.50.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the transaction, the executive vice president owned 51,297 shares in the company, valued at $4,219,178.25. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by company insiders.

Champion Homes Stock Performance

Shares of SKY opened at $72.93 on Wednesday. The firm has a market capitalization of $4.03 billion, a P/E ratio of 19.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $99.17. The business has a fifty day moving average of $79.86 and a 200 day moving average of $82.87.

Champion Homes (NYSE:SKY - Get Free Report) last posted 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. The company had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.Champion Homes's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share. As a group, sell-side analysts anticipate that Champion Homes, Inc. will post 3.8 EPS for the current year.

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.

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