Dimensional Fund Advisors LP Acquires 80,531 Shares of Champion Homes, Inc. $SKY

Dimensional Fund Advisors LP boosted its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,736,164 shares of the company’s stock after buying an additional 80,531 shares during the period. Dimensional Fund Advisors LP’s holdings in Champion Homes were worth $129,111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SKY. UMB Bank n.a. increased its position in shares of Champion Homes by 78.9% during 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 bought a new position in Champion Homes in the 4th quarter valued at about $26,000. Kestra Advisory Services LLC bought a new position in Champion Homes in the 4th quarter valued at about $26,000. Parallel Advisors LLC boosted its stake in Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Champion Homes during the 3rd quarter valued at about $35,000.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the sale, the executive vice president directly owned 32,118 shares in the company, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SKY has been the subject of several analyst reports. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Barclays lifted their target price on Champion Homes from $94.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. UBS Group began coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price target for the company. Finally, Royal Bank Of Canada lowered their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Champion Homes Trading Up 0.9%

Shares of SKY stock opened at $82.33 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 22.49 and a beta of 1.00. Champion Homes, Inc. has a 52-week low of $60.13 and a 52-week high of $99.17. The company has a 50-day simple moving average of $79.48 and a two-hundred day simple moving average of $81.57.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, May 26th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The firm had revenue of $621.28 million for the quarter, compared to analysts’ expectations of $607.39 million. During the same quarter last year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Research analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current fiscal 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.