Meeder Asset Management Inc. Acquires New Holdings in Champion Homes, Inc. $SKY

Meeder Asset Management Inc. bought a new stake in Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,551 shares of the company’s stock, valued at approximately $489,000.

A number of other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Champion Homes by 78.9% during the fourth 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 last quarter. Assetmark Inc. grew its holdings in Champion Homes by 16.8% in the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 144 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Champion Homes by 4.7% in the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after purchasing an additional 161 shares during the last quarter. Mirador Capital Partners LP increased its position in shares of Champion Homes by 0.3% during the second quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock worth $4,554,000 after purchasing an additional 178 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of 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 purchasing an additional 184 shares in the last quarter.

Wall Street Analysts Forecast Growth

SKY has been the subject of several recent analyst reports. UBS Group raised their price target on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada increased their price objective on shares of Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Citigroup started coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 target price for the company. Barclays boosted their target price 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. Finally, Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.00.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 36,118 shares of the company’s stock, valued at approximately $2,734,132.60. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael B. Berman sold 1,500 shares of the company’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 completion of the sale, the director directly owned 6,825 shares in the company, valued at $636,226.50. This trade represents a 18.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,522 shares of company stock valued at $1,147,665. 0.60% of the stock is owned by insiders.

Champion Homes Stock Down 2.4%

Champion Homes stock opened at $91.01 on Wednesday. The business’s 50-day simple moving average is $84.71 and its two-hundred day simple moving average is $81.12. 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 company has a market cap of $4.94 billion, a PE ratio of 26.53 and a beta of 1.01. Champion Homes, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $99.17.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The firm had revenue of $710.23 million during the quarter, compared to analysts’ expectations of $701.98 million. During the same period last year, the business posted $1.19 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current 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.