Champion Homes (NYSE:SKY) Issues Quarterly Earnings Results

Champion Homes (NYSE:SKY) posted its quarterly earnings results on Tuesday. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05, FiscalAI reports. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The business had revenue of $621.28 million during the quarter, compared to the consensus estimate of $607.39 million.

Champion Homes Stock Performance

NYSE:SKY opened at $71.05 on Tuesday. The stock’s fifty day moving average is $74.88 and its 200 day moving average is $82.64. Champion Homes has a fifty-two week low of $59.44 and a fifty-two week high of $99.17. The firm has a market capitalization of $3.93 billion, a PE ratio of 18.90 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71.

Analysts Set New Price Targets

SKY has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research note on Monday, April 20th. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Barclays dropped their price target on Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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 stock in a transaction on Friday, March 6th. The stock was sold at an average price of $82.25, for a total transaction of $236,880.00. Following the sale, the executive vice president owned 51,297 shares in the company, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Champion Homes

Hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new position in Champion Homes in the 4th quarter valued at $26,000. UMB Bank n.a. boosted its position in Champion Homes by 78.9% during the fourth 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 bought a new stake in Champion Homes during the fourth quarter valued at about $26,000. Advisory Services Network LLC bought a new stake in Champion Homes during the third quarter valued at about $35,000. Finally, Headlands Technologies LLC bought a new stake in Champion Homes during the second quarter valued at about $92,000.

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.