Champion Homes (NYSE:SKY) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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

Champion Homes Trading Up 0.1%

Shares of Champion Homes stock opened at $71.05 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. Champion Homes has a 12-month low of $59.44 and a 12-month high of $99.17. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.90 and a beta of 1.07. The firm’s 50 day simple moving average is $74.88 and its two-hundred day simple moving average is $82.64.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SKY. Kestra Advisory Services LLC acquired a new position in Champion Homes during the 4th quarter valued at approximately $26,000. Los Angeles Capital Management LLC purchased a new position in Champion Homes during the fourth quarter valued at $26,000. UMB Bank n.a. lifted 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 valued at $26,000 after purchasing an additional 138 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Champion Homes in the third quarter worth about $35,000. Finally, Headlands Technologies LLC acquired a new position in Champion Homes during the second quarter worth about $92,000.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of recent research reports. Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research note on Monday, April 20th. Finally, Barclays dropped their price objective on Champion Homes from $111.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Champion Homes currently has a consensus rating of “Moderate Buy” and an average target price of $103.50.

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.