State of New Jersey Common Pension Fund D Raises Holdings in Champion Homes, Inc. $SKY

State of New Jersey Common Pension Fund D increased its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 35.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,762 shares of the company’s stock after acquiring an additional 7,775 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Champion Homes were worth $2,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. CWM LLC boosted its position in Champion Homes by 7.0% in the 3rd quarter. CWM LLC now owns 2,410 shares of the company’s stock worth $184,000 after purchasing an additional 157 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Champion Homes by 33.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares during the period. Arizona State Retirement System boosted its holdings in Champion Homes by 1.4% during the third quarter. Arizona State Retirement System now owns 16,103 shares of the company’s stock worth $1,230,000 after buying an additional 224 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Champion Homes by 3.7% during the second quarter. Arkadios Wealth Advisors now owns 6,638 shares of the company’s stock worth $416,000 after buying an additional 238 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Champion Homes by 257.4% during the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after buying an additional 278 shares during the period.

Insider Activity at Champion Homes

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction on Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction 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. The trade was a 26.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 1,800 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $88.35, for a total transaction of $159,030.00. Following the completion of the sale, the executive vice president owned 54,177 shares of the company’s stock, valued at $4,786,537.95. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on SKY shares. Zelman & Associates downgraded shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a research note on Friday, January 9th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Finally, Barclays upped their target price on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Champion Homes Trading Up 2.9%

Shares of Champion Homes stock opened at $97.36 on Monday. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $104.91. The firm has a market capitalization of $5.38 billion, a PE ratio of 25.89 and a beta of 1.09. The firm’s 50-day moving average price is $88.90 and its 200 day moving average price is $80.55.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.83 by $0.13. The company had revenue of $656.61 million during the quarter, compared to analyst estimates of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.Champion Homes’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. On average, sell-side analysts predict that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Champion Homes 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.