Champion Homes (NYSE:SKY) Posts Earnings Results

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

Champion Homes Price Performance

NYSE:SKY traded down $1.61 during mid-day trading on Wednesday, reaching $67.36. 935,565 shares of the stock were exchanged, compared to its average volume of 672,767. The business has a fifty day moving average price of $77.68 and a 200 day moving average price of $82.77. The firm has a market capitalization of $3.73 billion, a PE ratio of 17.92 and a beta of 1.07. Champion Homes has a 1-year low of $59.44 and a 1-year high of $99.17. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were 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 of the company’s stock, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Champion Homes

Several large investors have recently made changes to their positions in SKY. Kestra Advisory Services LLC bought a new position in shares of Champion Homes during the 4th quarter valued at about $26,000. Los Angeles Capital Management LLC bought a new stake in Champion Homes during the fourth quarter worth approximately $26,000. UMB Bank n.a. boosted its holdings in Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after buying an additional 138 shares in the last quarter. Advisory Services Network LLC bought a new stake in Champion Homes during the third quarter worth approximately $35,000. Finally, Headlands Technologies LLC bought a new stake in 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.