9,597 Champion Homes, Inc. $SKY Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. grew its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,222,557 shares of the company’s stock after purchasing an additional 9,597 shares during the quarter. Congress Asset Management Co. owned approximately 2.25% of Champion Homes worth $104,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc grew its position in shares of Champion Homes by 80.3% during the 3rd quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $46,000 after acquiring an additional 241 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Champion Homes in the 2nd quarter worth $209,000. Tidal Investments LLC raised its holdings in Champion Homes by 0.8% in the 2nd quarter. Tidal Investments LLC now owns 187,847 shares of the company’s stock worth $16,553,000 after purchasing an additional 1,421 shares during the period. Nykredit A S purchased a new position in Champion Homes during the second quarter valued at $196,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Champion Homes during the second quarter valued at about $308,000.

Champion Homes Price Performance

Shares of NYSE:SKY traded down $0.01 during trading on Tuesday, hitting $85.75. 447,368 shares of the company’s stock were exchanged, compared to its average volume of 688,947. The business’s 50-day simple moving average is $87.62 and its 200 day simple moving average is $81.11. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 25.00 and a beta of 1.02. Champion Homes, Inc. has a 52-week low of $63.69 and a 52-week high of $99.17. 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 (NYSE:SKY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $710.23 million during 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 firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 EPS. As a group, equities analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current year.

Insiders Place Their Bets

In other Champion Homes news, Director Erin Helgren sold 1,100 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $104,500.00. Following the sale, the director owned 8,196 shares in the company, valued at $778,620. The trade was a 11.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Berman sold 1,500 shares of the stock in a transaction dated 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 $636,226.50. This trade represents a 18.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SKY. UBS Group upped their price target on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Oppenheimer assumed coverage on shares of Champion Homes in a report on Wednesday, September 30th. They issued a “market perform” rating for the company. Royal Bank Of Canada raised their target price on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Champion Homes currently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

Champion Homes Profile

Champion Homes, Inc (NYSE:SKY) is a manufacturer of factory-built housing in North America. The company designs and produces manufactured and modular homes, along with park model recreational vehicles and other off-site construction products. Its homes are sold through independent and company-owned retailers, developers, and other housing channels.

The company’s products serve a range of residential needs, including affordable single-family housing, workforce housing, multifamily developments, accessory dwelling units, and disaster-recovery housing.