Neumeier Poma Investment Counsel LLC Raises Stock Position in Champion Homes, Inc. $SKY

Neumeier Poma Investment Counsel LLC lifted its position in shares of Champion Homes, Inc. (NYSE:SKY) by 94.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 345,306 shares of the company’s stock after buying an additional 167,295 shares during the period. Champion Homes makes up 2.2% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 24th largest holding. Neumeier Poma Investment Counsel LLC’s holdings in Champion Homes were worth $26,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its holdings in Champion Homes by 4.0% during the second 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 last quarter. Thrivent Financial for Lutherans increased its position in shares of Champion Homes by 6.3% in 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 in the last quarter. American Century Companies Inc. raised its stake in shares of Champion Homes by 50.8% during the 2nd quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock worth $121,804,000 after buying an additional 655,505 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Champion Homes by 11.8% in the 2nd 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 in the last quarter. Finally, Congress Asset Management Co. boosted its position 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 worth $70,525,000 after buying an additional 187,611 shares in the last quarter.

Insider Transactions at Champion Homes

In related news, EVP Joseph A. Kimmell sold 1,800 shares of the stock in a transaction that occurred on 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 approximately $4,786,537.95. This represents a 3.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction that occurred 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 transaction, the vice president directly owned 33,230 shares in the company, valued at approximately $2,904,634.30. This trade represents a 26.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by insiders.

Champion Homes Stock Down 2.8%

Shares of SKY opened at $92.56 on Thursday. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $104.91. The company’s fifty day moving average is $89.37 and its two-hundred day moving average is $81.04. The firm has a market cap of $5.12 billion, a PE ratio of 24.62 and a beta of 1.09. 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 posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. The firm had revenue of $656.61 million during the quarter, compared to the consensus estimate of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share. Analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of research reports. Barclays lifted their target price on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a research note on Friday, January 9th. CJS Securities raised 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, Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Champion Homes presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

About Champion Homes

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.