Meeder Asset Management Inc. Purchases New Position in Champion Homes, Inc. $SKY

Meeder Asset Management Inc. purchased a new stake in Champion Homes, Inc. (NYSE:SKY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,551 shares of the company’s stock, valued at approximately $489,000.

Other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in shares of Champion Homes during the 4th quarter worth approximately $26,000. UMB Bank n.a. increased its stake in shares of Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after purchasing an additional 138 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Champion Homes in the 4th quarter worth about $26,000. Parallel Advisors LLC raised its holdings in Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Champion Homes during the third quarter worth approximately $35,000.

Champion Homes Stock Performance

NYSE SKY opened at $91.01 on Wednesday. The company has a market cap of $4.94 billion, a PE ratio of 26.53 and a beta of 1.01. The stock’s 50 day simple moving average is $84.71 and its 200-day simple moving average is $81.12. Champion Homes, Inc. has a 1-year low of $63.69 and a 1-year 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 issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $701.98 million. During the same period in the previous year, the company posted $1.19 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on SKY. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Royal Bank Of Canada lifted their price target on shares of Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Barclays upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

Insider Buying and Selling

In other news, Director Michael B. Berman sold 1,500 shares of Champion Homes stock in a transaction that occurred 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 sale, the director owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. The trade was a 18.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 7,922 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the transaction, the executive vice president directly owned 36,118 shares in the company, valued at approximately $2,734,132.60. This trade represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 14,522 shares of company stock worth $1,147,665. 0.60% of the stock is owned by corporate insiders.

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.