Champion Homes, Inc. (NYSE:SKY) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 14.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,680 shares of the company’s stock after acquiring an additional 3,450 shares during the period. Envestnet Asset Management Inc.’s holdings in Champion Homes were worth $2,623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SKY. Huntleigh Advisors Inc. boosted its stake in shares of Champion Homes by 10.1% during the first quarter. Huntleigh Advisors Inc. now owns 8,118 shares of the company’s stock valued at $769,000 after acquiring an additional 745 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Champion Homes by 2.3% during the first quarter. Principal Financial Group Inc. now owns 262,811 shares of the company’s stock valued at $24,904,000 after acquiring an additional 5,887 shares during the last quarter. Meritage Portfolio Management boosted its stake in shares of Champion Homes by 6.8% during the first quarter. Meritage Portfolio Management now owns 6,087 shares of the company’s stock valued at $577,000 after acquiring an additional 389 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Champion Homes by 4.2% during the first quarter. Peregrine Capital Management LLC now owns 137,195 shares of the company’s stock valued at $13,001,000 after acquiring an additional 5,563 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of Champion Homes by 3.4% during the first quarter. New York State Teachers Retirement System now owns 12,300 shares of the company’s stock valued at $1,166,000 after acquiring an additional 400 shares during the last quarter.

Champion Homes Trading Up 0.1%

NYSE:SKY opened at $65.13 on Tuesday. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $116.49. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 19.04 and a beta of 1.16. The business has a fifty day moving average of $66.81 and a 200-day moving average of $83.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 2.41.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). The firm had revenue of $593.87 million during the quarter, compared to analyst estimates of $595.42 million. Champion Homes had a net margin of 7.99% and a return on equity of 13.61%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Equities analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Champion Homes announced that its board has authorized a share buyback program on Friday, May 30th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SKY has been the topic of several recent analyst reports. Barclays reduced their target price on Champion Homes from $97.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 28th. Zelman & Associates upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th. Finally, Royal Bank Of Canada lowered their price target on Champion Homes from $96.00 to $82.00 and set a “sector perform” rating for the company in a report on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $80.60.

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.