Neumeier Poma Investment Counsel LLC Increases Stake in Champion Homes, Inc. $SKY

Neumeier Poma Investment Counsel LLC increased its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 40.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 484,196 shares of the company’s stock after purchasing an additional 138,890 shares during the period. Champion Homes accounts for about 3.4% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 12th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in Champion Homes were worth $40,915,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its stake in Champion Homes by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock worth $2,666,000 after buying an additional 138 shares during the period. Ulland Investment Advisors LLC increased its stake in Champion Homes by 0.3% during the 3rd quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock worth $3,564,000 after buying an additional 155 shares during the period. Mackenzie Financial Corp increased its stake in 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 buying an additional 161 shares during the period. CWM LLC increased its stake in Champion Homes by 8.2% during the 4th quarter. CWM LLC now owns 2,608 shares of the company’s stock worth $220,000 after buying an additional 198 shares during the period. Finally, ProShare Advisors LLC increased its stake in Champion Homes by 1.9% during the 4th quarter. ProShare Advisors LLC now owns 10,995 shares of the company’s stock worth $929,000 after buying an additional 207 shares during the period.

Champion Homes Trading Up 2.9%

Shares of NYSE:SKY opened at $74.61 on Friday. The company’s 50 day moving average is $74.43 and its two-hundred day moving average is $82.20. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.10 billion, a PE ratio of 20.38 and a beta of 1.04.

Champion Homes (NYSE:SKY) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Equities analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Barclays dropped their price objective on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Zelman & Associates downgraded shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Royal Bank Of Canada dropped their price objective on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Finally, Weiss Ratings downgraded shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Company 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.