Champion Homes (NYSE:SKY) Posts Earnings Results, Beats Estimates By $0.05 EPS

Champion Homes (NYSE:SKY) released its quarterly earnings results on Tuesday. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05, FiscalAI reports. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The firm had revenue of $621.28 million during the quarter, compared to analyst estimates of $607.39 million.

Champion Homes Stock Performance

Champion Homes stock opened at $71.05 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.93 billion, a PE ratio of 18.90 and a beta of 1.07. The firm has a fifty day simple moving average of $74.88 and a two-hundred day simple moving average of $82.64. Champion Homes has a twelve month low of $59.44 and a twelve month high of $99.17.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Barclays lowered their price target on shares of 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 reissued 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 given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

Insiders Place Their Bets

In other 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 transaction of $236,880.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Champion Homes

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Champion Homes during the fourth quarter valued at about $26,000. Los Angeles Capital Management LLC purchased a new stake in Champion Homes in the fourth quarter worth about $26,000. UMB Bank n.a. grew its holdings in Champion Homes by 78.9% in the fourth 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 period. Advisory Services Network LLC purchased a new stake in Champion Homes in the third quarter worth about $35,000. Finally, Headlands Technologies LLC purchased a new stake in Champion Homes in the second quarter worth 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.