Louisiana State Employees Retirement System Takes $1.82 Million Position in Champion Homes, Inc. $SKY

Louisiana State Employees Retirement System acquired a new stake in Champion Homes, Inc. (NYSE:SKY) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 24,500 shares of the company’s stock, valued at approximately $1,822,000.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after buying an additional 138 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Champion Homes in the fourth quarter worth about $26,000. Kestra Advisory Services LLC bought a new stake in shares of Champion Homes during the 4th quarter worth about $26,000. Advisory Services Network LLC bought a new stake in shares of Champion Homes during the 3rd quarter worth about $35,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Champion Homes by 258.3% during the 4th quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock valued at $47,000 after acquiring an additional 403 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SKY. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada decreased their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. UBS Group began coverage on shares of Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Barclays reduced their price objective on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Champion Homes Stock Performance

Shares of NYSE SKY opened at $88.30 on Wednesday. Champion Homes, Inc. has a 12 month low of $60.13 and a 12 month high of $99.17. The company has a market cap of $4.85 billion, a P/E ratio of 24.12 and a beta of 1.04. The business’s 50 day moving average is $76.58 and its two-hundred day moving average is $82.03. The company has a quick ratio of 1.69, a current ratio of 2.48 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 return on equity of 13.80% and a net margin of 7.77%. On average, equities analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current year.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $75.70, for a total transaction of $599,695.40. Following the completion of the transaction, the executive vice president directly owned 36,118 shares in the company, valued at $2,734,132.60. This represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

About Champion Homes

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.