Champion Homes, Inc. $SKY Stock Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its stake in Champion Homes, Inc. (NYSE:SKY) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 305,137 shares of the company’s stock after selling 92,393 shares during the period. William Blair Investment Management LLC owned about 0.56% of Champion Homes worth $26,150,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Champion Homes during the 2nd quarter worth approximately $794,354,000. Bank of America Corp DE bought a new stake in Champion Homes in the second quarter valued at approximately $52,406,000. Neumeier Poma Investment Counsel LLC bought a new stake in Champion Homes in the second quarter valued at approximately $51,446,747. Bank of New York Mellon Corp bought a new stake in Champion Homes in the second quarter valued at approximately $29,094,000. Finally, Ranger Investment Management L.P. purchased a new stake in shares of Champion Homes during the second quarter valued at approximately $16,375,000.

Analysts Set New Price Targets

SKY has been the topic of several recent analyst reports. Barclays raised their target price on shares of Champion Homes from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Oppenheimer initiated coverage on shares of Champion Homes in a report on Wednesday, September 30th. They set a “market perform” rating for the company. UBS Group increased their price target on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised their price target on shares of Champion Homes from $94.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. Finally, Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.25.

Champion Homes Trading Up 0.3%

Shares of SKY traded up $0.31 during mid-day trading on Friday, hitting $92.60. 395,531 shares of the company’s stock traded hands, compared to its average volume of 723,392. The company has a quick ratio of 1.88, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.98 billion, a P/E ratio of 27.48 and a beta of 1.03. The business’s 50-day moving average price is $84.59 and its 200-day moving average price is $82.48. Champion Homes, Inc. has a 1 year low of $63.87 and a 1 year high of $99.17.

Champion Homes (NYSE:SKY) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Champion Homes had a return on equity of 12.17% and a net margin of 6.84%. The company had revenue of $727.03 million during the quarter, compared to analyst estimates of $719.71 million. During the same quarter last year, the firm posted $1.03 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Champion Homes, Inc. will post 3.34 EPS for the current fiscal year.

About Champion Homes

Champion Homes, Inc. (NYSE: SKY) designs and builds factory-produced homes and buildings. Its offerings include manufactured and modular homes, park model recreational vehicles, and buildings for commercial and institutional uses. The company sells through a network of independent retailers and builders, as well as company-owned retail locations. The company serves customers across the United States and western Canada. Its factory-built approach allows homes and buildings to be constructed in controlled environments and then transported to their sites for installation.