583,826 Shares in Champion Homes, Inc. $SKY Acquired by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 583,826 shares of the company’s stock, valued at approximately $51,446,747. Champion Homes comprises 0.0% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 6th biggest position. Neumeier Poma Investment Counsel LLC owned approximately 1.08% of Champion Homes as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SKY. UMB Bank n.a. grew its position in shares of Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares during the period. Assetmark Inc. grew its holdings in shares of Champion Homes by 16.8% during the 1st quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 144 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Champion Homes by 4.7% during the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after acquiring an additional 161 shares during the period. Mirador Capital Partners LP grew its position in Champion Homes by 0.3% during the second quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock valued at $4,554,000 after buying an additional 178 shares during the period. Finally, Bessemer Group Inc. increased its stake in Champion Homes by 0.4% during the first quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock worth $3,544,000 after acquiring an additional 184 shares during the last quarter.

Champion Homes Trading Up 0.3%

SKY stock traded up $0.27 during midday trading on Friday, reaching $90.30. The company’s stock had a trading volume of 109,012 shares, compared to its average volume of 713,382. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 26.33 and a beta of 1.01. Champion Homes, Inc. has a 1 year low of $63.69 and a 1 year high of $99.17. The stock has a fifty day simple moving average of $86.28 and a two-hundred day simple moving average of $81.62.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $1.19 EPS. On average, equities research analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SKY. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Barclays raised their price target on shares of Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Citigroup started coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price target for the company. UBS Group lifted their price target on Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Insider Activity

In related news, Director Michael B. Berman sold 1,500 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $93.22, for a total value of $139,830.00. Following the sale, the director owned 6,825 shares in the company, valued at approximately $636,226.50. This represents a 18.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 7,922 shares of the 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 sale, the executive vice president directly owned 36,118 shares of the company’s stock, valued at $2,734,132.60. This represents a 17.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 14,522 shares of company stock worth $1,147,665. 0.60% of the stock is owned by corporate insiders.

Champion Homes 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.