Champion Homes (NYSE:SKY) Releases Quarterly Earnings Results

Champion Homes (NYSE:SKY) posted its quarterly earnings data 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%

NYSE SKY traded down $1.61 on Wednesday, reaching $67.36. 935,565 shares of the stock traded hands, compared to its average volume of 528,625. Champion Homes has a 12 month low of $59.44 and a 12 month high of $99.17. The company has a fifty day moving average price of $77.21 and a 200-day moving average price of $82.70. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 17.92 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.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 2,880 shares of Champion Homes stock in a transaction 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 transaction, the executive vice president directly owned 51,297 shares in the company, valued at approximately $4,219,178.25. This trade represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Champion Homes by 4.7% in the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after buying an additional 161 shares during the last quarter. Captrust Financial Advisors increased its holdings in Champion Homes by 2.7% in the fourth quarter. Captrust Financial Advisors now owns 7,852 shares of the company’s stock valued at $663,000 after buying an additional 204 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Champion Homes in the fourth quarter valued at $26,000. Finally, Kestra Advisory Services LLC purchased a new position in Champion Homes in the fourth quarter valued at $26,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Barclays lowered their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research note on Monday, April 20th. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

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.