Champion Homes (NYSE:SKY) Posts Quarterly Earnings Results

Champion Homes (NYSE:SKY) announced its quarterly earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.

Champion Homes Stock Down 2.3%

SKY opened at $67.36 on Thursday. The business has a 50 day moving average price of $77.21 and a 200 day moving average price of $82.70. Champion Homes has a twelve month low of $59.44 and a twelve month high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The firm has a market cap of $3.73 billion, a P/E ratio of 17.92 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SKY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a report on Monday, April 20th. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Barclays reduced their price target on Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Champion Homes has an average rating of “Moderate Buy” and an average price target of $103.50.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 2,880 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the sale, the executive vice president directly owned 51,297 shares in the company, valued at approximately $4,219,178.25. The trade was a 5.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Champion Homes

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in Champion Homes in the 4th quarter worth approximately $26,000. UMB Bank n.a. lifted its holdings in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Champion Homes in the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new position in shares of Champion Homes during the third quarter worth approximately $35,000. Finally, Headlands Technologies LLC acquired a new position in shares of Champion Homes during the second quarter worth approximately $92,000.

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.