American Century Companies Inc. Decreases Holdings in Champion Homes, Inc. $SKY

American Century Companies Inc. trimmed its holdings in Champion Homes, Inc. (NYSE:SKY) by 6.8% in the third quarter, HoldingsChannel reports. The fund owned 1,813,658 shares of the company’s stock after selling 131,776 shares during the period. American Century Companies Inc.’s holdings in Champion Homes were worth $138,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SKY. State Street Corp raised its position in Champion Homes by 4.0% in the 2nd quarter. State Street Corp now owns 2,579,091 shares of the company’s stock worth $161,477,000 after purchasing an additional 98,659 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Champion Homes by 6.3% during the second quarter. Thrivent Financial for Lutherans now owns 2,068,870 shares of the company’s stock valued at $129,532,000 after buying an additional 122,895 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Champion Homes by 11.8% in the second quarter. Ameriprise Financial Inc. now owns 1,319,362 shares of the company’s stock worth $82,605,000 after buying an additional 139,021 shares during the period. Congress Asset Management Co. lifted its stake in shares of Champion Homes by 25.5% in the 3rd quarter. Congress Asset Management Co. now owns 923,465 shares of the company’s stock valued at $70,525,000 after acquiring an additional 187,611 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Champion Homes by 2.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 835,176 shares of the company’s stock valued at $52,290,000 after acquiring an additional 22,972 shares during the last quarter.

Analyst Ratings Changes

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

Insider Transactions at Champion Homes

In other Champion Homes news, VP Timothy A. Burkhardt sold 12,183 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president directly owned 33,230 shares in the company, valued at $2,904,634.30. This trade represents a 26.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph A. Kimmell sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total value of $159,030.00. Following the transaction, the executive vice president owned 54,177 shares in the company, valued at $4,786,537.95. This trade represents a 3.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Champion Homes Price Performance

Shares of Champion Homes stock opened at $93.39 on Monday. The business has a 50 day moving average of $89.61 and a 200 day moving average of $81.43. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $103.93. The company has a market cap of $5.16 billion, a PE ratio of 24.84 and a beta of 1.02. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The business had revenue of $656.61 million for the quarter, compared to analysts’ expectations of $649.40 million. During the same quarter in the previous year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share 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.