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

Congress Asset Management Co. increased its holdings in Champion Homes, Inc. (NYSE:SKY) by 0.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,222,557 shares of the company’s stock after buying an additional 9,597 shares during the period. Congress Asset Management Co.’s holdings in Champion Homes were worth $104,773,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Assetmark Inc. grew its stake in shares of Champion Homes by 16.8% in the 1st quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after buying an additional 144 shares in the last quarter. Mirador Capital Partners LP lifted its holdings in shares of Champion Homes by 0.3% in the 2nd quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock valued at $4,554,000 after acquiring an additional 178 shares during the last quarter. Bessemer Group Inc. grew its position in Champion Homes by 0.4% in 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 in the last quarter. Versant Capital Management Inc grew its position in Champion Homes by 80.3% in the third quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $46,000 after acquiring an additional 241 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in Champion Homes by 7.1% during the second quarter. Central Pacific Bank Trust Division now owns 5,113 shares of the company’s stock worth $451,000 after acquiring an additional 340 shares during the last quarter.

Champion Homes Trading Down 0.0%

Shares of SKY stock traded down $0.01 on Tuesday, reaching $85.75. 447,368 shares of the company’s stock were exchanged, compared to its average volume of 688,947. The company’s fifty day simple moving average is $87.62 and its 200 day simple moving average is $81.11. Champion Homes, Inc. has a 52 week low of $63.69 and a 52 week high of $99.17. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.65 billion, a PE ratio of 25.00 and a beta of 1.02.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The company 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%.Champion Homes’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. As a group, analysts forecast that Champion Homes, Inc. will post 3.4 EPS for the current year.

Analysts Set New Price Targets

SKY has been the topic of a number of recent research reports. Oppenheimer started coverage on Champion Homes in a research report on Wednesday, September 30th. They set a “market perform” rating on the stock. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Barclays increased their price target on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. UBS Group lifted their price objective on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.00.

Insider Transactions at Champion Homes

In related news, Director Erin Helgren sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Berman sold 1,500 shares of Champion Homes stock in a transaction on Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the sale, the director directly owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. This trade represents a 18.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by corporate insiders.

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.