UBS Group Begins Coverage on Champion Homes (NYSE:SKY)

Investment analysts at UBS Group began coverage on shares of Champion Homes (NYSE:SKY) in a note issued to investors on Friday, Marketbeat reports. The brokerage set a “buy” rating and a $93.00 price target on the stock. UBS Group’s price target would suggest a potential upside of 24.65% from the company’s current price.

Several other analysts also recently weighed in on the company. Royal Bank Of Canada dropped their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Barclays lowered their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Stock Up 2.9%

Champion Homes stock opened at $74.61 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. The business’s 50-day simple moving average is $74.43 and its two-hundred day simple moving average is $82.20. The company has a market cap of $4.10 billion, a PE ratio of 20.38 and a beta of 1.04. Champion Homes has a fifty-two week low of $59.44 and a fifty-two week high of $99.17.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. Equities analysts anticipate that Champion Homes will post 3.4 EPS for the current year.

Institutional Trading of Champion Homes

Hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in Champion Homes by 221.3% in the 1st quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock worth $203,533,000 after purchasing an additional 1,885,046 shares during the period. Marshall Wace LLP raised its holdings in Champion Homes by 1,149.3% in the 3rd quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock worth $106,738,000 after purchasing an additional 1,285,768 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Champion Homes in the 4th quarter worth about $90,282,000. Bank of Montreal Can raised its holdings in Champion Homes by 14,014.0% in 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 period. Finally, Bamco Inc. NY acquired a new position in Champion Homes in the 4th quarter worth about $61,308,000.

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.