Neumeier Poma Investment Counsel LLC Buys New Shares in Champion Homes, Inc. $SKY

Neumeier Poma Investment Counsel LLC purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) in the 2nd quarter, Holdings Channel reports. The firm purchased 583,826 shares of the company’s stock, valued at approximately $51,446,747,000. Champion Homes accounts for about 3.5% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of SKY. UMB Bank n.a. raised its stake in 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 purchasing an additional 138 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Champion Homes during the 4th quarter valued at $26,000. Kestra Advisory Services LLC acquired a new stake in shares of Champion Homes during the 4th quarter worth $26,000. Parallel Advisors LLC increased its holdings in shares of Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Champion Homes during the 3rd quarter worth $35,000.

Insider Buying and Selling at Champion Homes

In other news, Director Michael B. Berman sold 1,500 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $93.22, for a total transaction of $139,830.00. Following the transaction, the director directly owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. The trade was a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erin Claire Helgren sold 1,100 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $104,500.00. Following the transaction, the director directly owned 8,196 shares in the company, valued at approximately $778,620. The trade was a 11.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,522 shares of company stock valued at $1,147,665 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays lifted their target price on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Citigroup assumed 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. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Zelman & Associates raised 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 assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Champion Homes presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

Champion Homes Price Performance

Shares of NYSE SKY opened at $90.44 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97. Champion Homes, Inc. has a 1-year low of $63.69 and a 1-year high of $99.17. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 26.37 and a beta of 1.01. The business has a 50-day moving average of $85.46 and a 200-day moving average of $81.36.

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

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.