Neumeier Poma Investment Counsel LLC Reduces Holdings in Champion Homes, Inc. $SKY

Neumeier Poma Investment Counsel LLC lowered its position in shares of Champion Homes, Inc. (NYSE:SKY) by 49.6% during the second quarter, Holdings Channel reports. The firm owned 178,011 shares of the company’s stock after selling 175,345 shares during the quarter. Neumeier Poma Investment Counsel LLC’s holdings in Champion Homes were worth $11,145,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kovitz Investment Group Partners LLC grew its stake in Champion Homes by 2.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company’s stock worth $523,000 after buying an additional 145 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Champion Homes by 5.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock valued at $220,000 after buying an additional 183 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Champion Homes by 3.7% in the second quarter. Arkadios Wealth Advisors now owns 6,638 shares of the company’s stock valued at $416,000 after acquiring an additional 238 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Champion Homes by 5.7% during the second quarter. Verdence Capital Advisors LLC now owns 4,612 shares of the company’s stock worth $289,000 after acquiring an additional 248 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Champion Homes by 49.8% during the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after acquiring an additional 299 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SKY shares. Royal Bank Of Canada upgraded shares of Champion Homes from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $85.00 to $91.00 in a research report on Thursday, November 6th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Finally, Barclays boosted their price target on Champion Homes from $74.00 to $79.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.00.

Champion Homes Stock Down 1.0%

Shares of Champion Homes stock opened at $77.47 on Wednesday. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $116.49. The company has a market cap of $4.33 billion, a P/E ratio of 20.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 2.39. The firm has a fifty day moving average of $74.12 and a two-hundred day moving average of $72.23.

Champion Homes (NYSE:SKY) last issued its earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.20. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The business had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current 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.