Champion Homes (NYSE:SKY) Now Covered by Analysts at UBS Group

Analysts at UBS Group started coverage on shares of Champion Homes (NYSE:SKY) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $93.00 price target on the stock. UBS Group’s price objective suggests a potential upside of 24.65% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada reduced their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Barclays reduced their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. Weiss Ratings cut Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Zacks Research cut Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Stock Performance

NYSE SKY opened at $74.61 on Friday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 20.38 and a beta of 1.04. Champion Homes has a twelve month low of $59.44 and a twelve month high of $99.17. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $74.43 and a 200 day moving average of $82.20.

Champion Homes (NYSE:SKY) last released 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%. Sell-side analysts anticipate that Champion Homes will post 3.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Champion Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in shares of Champion Homes by 668.6% in the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. Argent Capital Management LLC increased its holdings in shares of Champion Homes by 40.7% in the first quarter. Argent Capital Management LLC now owns 24,164 shares of the company’s stock valued at $1,797,000 after purchasing an additional 6,994 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Champion Homes by 8.9% in the first quarter. Bank of America Corp DE now owns 577,007 shares of the company’s stock valued at $42,912,000 after purchasing an additional 47,140 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Champion Homes by 42.5% in the first quarter. Janus Henderson Group PLC now owns 146,528 shares of the company’s stock valued at $10,901,000 after purchasing an additional 43,678 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Champion Homes by 5.1% in the first quarter. Arkadios Wealth Advisors now owns 7,103 shares of the company’s stock valued at $528,000 after purchasing an additional 345 shares during the last quarter.

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.