California Public Employees Retirement System Has $7.70 Million Holdings in Champion Homes, Inc. $SKY

California Public Employees Retirement System raised its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 14.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,560 shares of the company’s stock after buying an additional 13,435 shares during the quarter. California Public Employees Retirement System’s holdings in Champion Homes were worth $7,702,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays boosted their price target on Champion Homes from $94.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reduced their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Citigroup initiated coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Zacks Research cut Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Champion Homes Price Performance

NYSE:SKY opened at $81.58 on Monday. Champion Homes, Inc. has a 52 week low of $60.13 and a 52 week high of $99.17. The firm’s 50-day simple moving average is $79.15 and its 200 day simple moving average is $81.60. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 22.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The business had revenue of $621.28 million during the quarter, compared to analysts’ expectations of $607.39 million. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%.The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. As a group, sell-side analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Insider Activity at Champion Homes

In other news, EVP Joseph A. Kimmell sold 7,922 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 36,118 shares of the company’s stock, valued at approximately $2,734,132.60. This represents a 17.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

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.