Fort Washington Investment Advisors Inc. OH Acquires 118,715 Shares of Champion Homes, Inc. $SKY

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 54.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,977 shares of the company’s stock after purchasing an additional 118,715 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Champion Homes were worth $25,582,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in Champion Homes by 10,171.4% in the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock valued at $45,000 after purchasing an additional 712 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of Champion Homes in the 2nd quarter worth $48,000. AdvisorNet Financial Inc purchased a new stake in shares of Champion Homes during the 3rd quarter valued at $50,000. Blue Trust Inc. lifted its holdings in shares of Champion Homes by 49.8% during the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after acquiring an additional 299 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Champion Homes by 1,231.3% in the first quarter. AlphaQuest LLC now owns 852 shares of the company’s stock worth $81,000 after acquiring an additional 788 shares in the last quarter.

Insider Activity at Champion Homes

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following the sale, the vice president owned 33,230 shares of the company’s stock, valued at $2,904,634.30. This trade represents a 26.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 1,812 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $82.04, for a total transaction of $148,656.48. Following the completion of the transaction, the executive vice president owned 55,977 shares in the company, valued at $4,592,353.08. The trade was a 3.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,795 shares of company stock worth $1,372,603 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

SKY has been the topic of a number of research reports. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Royal Bank Of Canada raised Champion Homes from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $91.00 in a research note on Thursday, November 6th. Finally, Zelman & Associates raised shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.50.

Champion Homes Trading Down 0.3%

NYSE SKY opened at $85.50 on Wednesday. The firm has a market cap of $4.78 billion, a PE ratio of 22.21 and a beta of 1.06. Champion Homes, Inc. has a 1-year low of $59.44 and a 1-year high of $110.00. The stock has a 50-day moving average of $81.25 and a 200-day moving average of $73.77. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02.

Champion Homes (NYSE:SKY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The business had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. During the same period in the previous year, the firm earned $0.93 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current year.

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.