Champion Homes (NYSE:SKY) Announces Quarterly Earnings Results

Champion Homes (NYSE:SKY) issued its quarterly earnings results on Wednesday. The company reported $999.00 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 Performance

SKY traded down $2.71 during trading hours on Friday, reaching $66.88. The company’s stock had a trading volume of 400,618 shares, compared to its average volume of 670,229. The company’s 50-day moving average is $76.82 and its 200-day moving average is $82.65. Champion Homes has a 52 week low of $59.44 and a 52 week high of $99.17. The firm has a market cap of $3.70 billion, a PE ratio of 17.80 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SKY shares. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Barclays dropped their price target on shares of Champion Homes from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research note on Monday, April 20th. One investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the company’s stock in a transaction on Friday, March 6th. The shares were 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 $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Champion Homes

Several hedge funds and other institutional investors have recently modified their holdings of SKY. Marshall Wace LLP lifted its position in Champion Homes by 1,149.3% during the third quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock worth $106,738,000 after acquiring an additional 1,285,768 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Champion Homes during the fourth quarter worth approximately $90,282,000. Bank of Montreal Can lifted its holdings in Champion Homes by 14,014.0% during the 4th quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock worth $69,817,000 after purchasing an additional 820,378 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Champion Homes by 566.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 639,102 shares of the company’s stock valued at $54,004,000 after purchasing an additional 543,219 shares during the period. Finally, Invesco Ltd. grew its holdings in Champion Homes by 150.6% in the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock valued at $41,016,000 after buying an additional 393,686 shares in the last quarter.

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.