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

UBS Group began coverage on shares of Champion Homes (NYSE:SKY) in a report published on Friday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $93.00 price objective on the stock.

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

Champion Homes Trading Up 0.0%

Shares of NYSE:SKY opened at $74.60 on Friday. Champion Homes has a 52-week low of $59.44 and a 52-week high of $99.17. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 20.38 and a beta of 1.04. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $74.41 and a 200-day moving average price of $82.15.

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

Hedge Funds Weigh In On Champion Homes

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Champion Homes by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock valued at $2,666,000 after purchasing an additional 138 shares in the last quarter. UMB Bank n.a. increased its stake in Champion Homes by 78.9% in the 4th 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. Assetmark Inc. increased its stake in Champion Homes by 16.8% in the 1st quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 144 shares in the last quarter. Ulland Investment Advisors LLC increased its stake in Champion Homes by 0.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock valued at $3,564,000 after purchasing an additional 155 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Champion Homes by 4.7% in the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after purchasing an additional 161 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.