Champion Homes, Inc. $SKY Stake Lessened by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in shares of Champion Homes, Inc. (NYSE:SKY) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,600 shares of the company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Champion Homes were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SKY. GAMMA Investing LLC raised its holdings in shares of Champion Homes by 306.0% during the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock worth $96,000 after acquiring an additional 765 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Champion Homes by 27.6% during the first quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $1,838,000 after acquiring an additional 4,200 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Champion Homes by 16.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 473,940 shares of the company’s stock worth $44,909,000 after acquiring an additional 66,835 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Champion Homes during the first quarter worth $233,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Champion Homes during the first quarter worth $128,000.

Champion Homes Price Performance

NYSE SKY opened at $64.25 on Monday. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $116.49. The stock’s 50-day moving average is $73.19 and its two-hundred day moving average is $74.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.59. The firm has a market cap of $3.63 billion, a P/E ratio of 17.09 and a beta of 1.16.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.31. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%.The company had revenue of $701.32 million for the quarter, compared to analyst estimates of $642.18 million. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. On average, analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

SKY has been the subject of several recent research reports. Barclays increased their price objective on Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Royal Bank Of Canada increased their price objective on Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Finally, Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $86.00.

Insider Activity at Champion Homes

In other news, EVP Joseph A. Kimmell sold 3,000 shares of Champion Homes stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $66.03, for a total value of $198,090.00. Following the transaction, the executive vice president directly owned 44,568 shares in the company, valued at approximately $2,942,825.04. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Champion Homes Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.