TD Asset Management Inc Has $1.37 Million Stock Position in Champion Homes, Inc. $SKY

TD Asset Management Inc lifted its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Byrne Asset Management LLC acquired a new position in shares of Champion Homes during the 2nd quarter worth $48,000. AlphaQuest LLC increased its stake 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 purchasing an additional 788 shares during the last quarter. Blue Trust Inc. increased its stake 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 purchasing an additional 299 shares during the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 765 shares during the last quarter. Finally, Bosun Asset Management LLC acquired a new position in shares of Champion Homes during the 1st quarter worth $208,000.

Champion Homes Price Performance

Shares of Champion Homes stock opened at $75.04 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.59. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $116.49. The firm has a fifty day moving average price of $73.89 and a two-hundred day moving average price of $73.53. The company has a market cap of $4.24 billion, a PE ratio of 19.96 and a beta of 1.16.

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

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,000 shares of the stock in a transaction on 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 directly owned 43,568 shares of the company’s stock, valued at $2,842,376.32. This represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

About Champion Homes

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.