Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $847,000 Stock Position in Champion Homes, Inc. $SKY

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Champion Homes, Inc. (NYSE:SKY) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,529 shares of the company’s stock after acquiring an additional 919 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Champion Homes were worth $847,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SKY. Alliancebernstein L.P. raised its holdings in Champion Homes by 67.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock worth $162,652,000 after purchasing an additional 689,265 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Champion Homes by 63.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock valued at $95,484,000 after purchasing an additional 392,159 shares during the last quarter. Interval Partners LP acquired a new stake in shares of Champion Homes during the 1st quarter worth approximately $14,849,000. Nuveen LLC bought a new stake in shares of Champion Homes during the first quarter worth approximately $13,736,000. Finally, Congress Asset Management Co. lifted its holdings in Champion Homes by 11.2% in the second quarter. Congress Asset Management Co. now owns 735,854 shares of the company’s stock valued at $46,072,000 after buying an additional 74,276 shares during the period.

Champion Homes Stock Performance

Shares of SKY opened at $81.82 on Tuesday. The firm’s 50 day moving average price is $74.50 and its two-hundred day moving average price is $72.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 2.39. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $116.49. The firm has a market cap of $4.57 billion, a P/E ratio of 21.76 and a beta of 1.14.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.81 by $0.20. The business had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. On average, analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of analyst reports. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $85.00 to $91.00 in a report on Thursday, November 6th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Zelman & Associates upgraded Champion Homes from a “neutral” rating to an “outperform” rating in a report on Friday, November 7th. Barclays boosted their target price on Champion Homes from $74.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Champion Homes presently has a consensus rating of “Hold” and a consensus price target of $85.00.

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.