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

Neumeier Poma Investment Counsel LLC lifted its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 484,196 shares of the company’s stock after purchasing an additional 138,890 shares during the period. Champion Homes comprises 3.4% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 12th biggest position. Neumeier Poma Investment Counsel LLC owned about 0.88% of Champion Homes worth $40,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming boosted its position in Champion Homes by 169.9% during the fourth quarter. State of Wyoming now owns 7,622 shares of the company’s stock worth $644,000 after acquiring an additional 4,798 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Champion Homes during the fourth quarter worth about $319,000. Natixis Advisors LLC acquired a new position in Champion Homes during the fourth quarter worth about $1,013,000. Norges Bank acquired a new position in Champion Homes during the fourth quarter worth about $40,471,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Champion Homes during the fourth quarter worth about $127,000.

Champion Homes Stock Performance

NYSE:SKY opened at $74.61 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 20.38 and a beta of 1.04. 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 1-year low of $59.44 and a 1-year high of $99.17.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SKY shares. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada lowered their price target 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. Barclays lowered their price target 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 lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.