TD Asset Management Inc Buys 1,294 Shares of Champion Homes, Inc. $SKY

TD Asset Management Inc lifted its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 6.3% in the second quarter, Holdings Channel.com reports. The fund owned 21,952 shares of the company’s stock after purchasing an additional 1,294 shares during the quarter. TD Asset Management Inc’s holdings in Champion Homes were worth $1,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new position in shares of Champion Homes during the 2nd quarter worth about $48,000. AlphaQuest LLC lifted its holdings in shares of Champion Homes by 1,231.3% during the 1st quarter. AlphaQuest LLC now owns 852 shares of the company’s stock worth $81,000 after acquiring an additional 788 shares during the period. Blue Trust Inc. lifted its holdings in shares of Champion Homes by 49.8% during the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after acquiring an additional 299 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Champion Homes by 306.0% during the 1st quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock worth $96,000 after acquiring an additional 765 shares during the period. Finally, Bosun Asset Management LLC bought a new position in shares of Champion Homes during the 1st quarter worth about $208,000.

Champion Homes Trading Down 2.6%

Shares of SKY stock opened at $75.04 on Thursday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49. The company has a market capitalization of $4.24 billion, a P/E ratio of 19.96 and a beta of 1.16. The firm has a 50-day moving average price of $73.89 and a 200 day moving average price of $73.53. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02.

Champion Homes (NYSE:SKY) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.31. The firm had revenue of $701.32 million during the quarter, compared to the consensus estimate of $642.18 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. Research analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Barclays lifted their price target on shares of Champion Homes from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Champion Homes currently has a consensus rating of “Hold” and a consensus target price of $86.00.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $65.24, for a total value of $65,240.00. Following the completion of the sale, the executive vice president owned 43,568 shares in the company, valued at approximately $2,842,376.32. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Champion Homes Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.