Strs Ohio Has $952,000 Holdings in Champion Homes, Inc. $SKY

Strs Ohio raised its position in shares of Champion Homes, Inc. (NYSE:SKY) by 7.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 15,200 shares of the company’s stock after buying an additional 1,100 shares during the period. Strs Ohio’s holdings in Champion Homes were worth $952,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. raised its holdings in shares of Champion Homes by 67.1% during the first quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock valued at $162,652,000 after acquiring an additional 689,265 shares during the period. Goldman Sachs Group Inc. grew its position in Champion Homes by 63.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock worth $95,484,000 after purchasing an additional 392,159 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in Champion Homes by 6.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 812,204 shares of the company’s stock valued at $76,964,000 after purchasing an additional 51,853 shares during the period. William Blair Investment Management LLC raised its stake in Champion Homes by 3.1% during the 2nd quarter. William Blair Investment Management LLC now owns 768,166 shares of the company’s stock valued at $48,095,000 after purchasing an additional 22,833 shares during the period. Finally, Congress Asset Management Co. lifted its holdings in shares of Champion Homes by 11.2% in the second quarter. Congress Asset Management Co. now owns 735,854 shares of the company’s stock valued at $46,072,000 after purchasing an additional 74,276 shares in the last quarter.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,000 shares of Champion Homes stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $65.24, for a total value of $65,240.00. Following the completion of the sale, the executive vice president directly owned 43,568 shares in the company, valued at $2,842,376.32. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SKY shares. Barclays lifted their price target on Champion Homes from $74.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada upgraded Champion Homes from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Champion Homes has an average rating of “Hold” and an average target price of $85.00.

Champion Homes Stock Performance

Shares of NYSE SKY opened at $81.13 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.59. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $116.49. The business’s 50-day moving average price is $73.39 and its two-hundred day moving average price is $72.62. The company has a market capitalization of $4.59 billion, a P/E ratio of 21.58 and a beta of 1.14.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The company had revenue of $684.43 million during the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. Analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Champion Homes Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.