FJ Capital Management LLC Makes New $3 Million Investment in Champion Homes, Inc. $SKY

FJ Capital Management LLC purchased a new stake in shares of Champion Homes, Inc. (NYSE:SKY) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 35,462 shares of the company’s stock, valued at approximately $2,997,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cramer Rosenthal Mcglynn LLC increased its stake in shares of Champion Homes by 7.5% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company’s stock worth $50,700,000 after acquiring an additional 46,555 shares in the last quarter. Comerica Bank boosted its holdings in Champion Homes by 119.9% in the fourth quarter. Comerica Bank now owns 35,543 shares of the company’s stock worth $3,003,000 after purchasing an additional 19,377 shares during the last quarter. Kingdon Capital Management L.L.C. bought a new stake in Champion Homes in the 3rd quarter worth approximately $11,456,000. Rhumbline Advisers increased its position in shares of Champion Homes by 4.3% during the 3rd quarter. Rhumbline Advisers now owns 157,253 shares of the company’s stock valued at $12,009,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Champion Homes by 7.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company’s stock worth $116,877,000 after buying an additional 104,217 shares in the last quarter.

Champion Homes Stock Down 2.2%

Shares of SKY opened at $78.69 on Friday. The company’s 50-day simple moving average is $74.80 and its 200-day simple moving average is $82.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $99.17. The stock has a market capitalization of $4.32 billion, a PE ratio of 21.50 and a beta of 1.04.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Analysts forecast that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SKY shares. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Citigroup assumed 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. UBS Group began coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Barclays cut their price target on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the sale, the executive vice president directly owned 32,118 shares in the company, valued at approximately $2,438,077.38. The trade was a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.