Skyline Champion (NYSE:SKY) Receives Neutral Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of Skyline Champion (NYSE:SKYFree Report) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $72.00 price objective on the stock.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada decreased their target price on Skyline Champion from $68.00 to $55.00 and set a sector perform rating on the stock in a report on Thursday, November 2nd. StockNews.com upgraded Skyline Champion from a sell rating to a hold rating in a report on Friday, December 1st. Finally, Barclays raised their target price on Skyline Champion from $61.00 to $69.00 and gave the stock an equal weight rating in a research report on Wednesday, December 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $67.80.

Read Our Latest Research Report on SKY

Skyline Champion Stock Performance

Shares of NYSE SKY opened at $79.56 on Tuesday. The company has a quick ratio of 3.27, a current ratio of 4.02 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 22.80 and a beta of 1.50. The stock’s fifty day simple moving average is $69.85 and its 200 day simple moving average is $65.92. Skyline Champion has a 52-week low of $52.12 and a 52-week high of $80.63.

Insider Transactions at Skyline Champion

In other news, Director Keith A. Anderson sold 18,750 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $73.00, for a total value of $1,368,750.00. Following the completion of the sale, the director now owns 238,098 shares of the company’s stock, valued at $17,381,154. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.00% of the stock is currently owned by insiders.

Institutional Trading of Skyline Champion

A number of institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in shares of Skyline Champion by 83.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,054,825 shares of the company’s stock worth $134,488,000 after purchasing an additional 935,274 shares during the period. Capital World Investors increased its stake in shares of Skyline Champion by 26.5% in the second quarter. Capital World Investors now owns 3,445,908 shares of the company’s stock worth $225,535,000 after purchasing an additional 721,040 shares during the period. Norges Bank bought a new position in shares of Skyline Champion in the fourth quarter worth about $29,368,000. Wellington Management Group LLP increased its stake in shares of Skyline Champion by 6.1% in the first quarter. Wellington Management Group LLP now owns 5,864,485 shares of the company’s stock worth $321,842,000 after purchasing an additional 335,974 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Skyline Champion by 106.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 601,892 shares of the company’s stock worth $38,353,000 after purchasing an additional 310,065 shares during the period.

Skyline Champion Company Profile

(Get Free Report)

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.

Recommended Stories

Analyst Recommendations for Skyline Champion (NYSE:SKY)

Receive News & Ratings for Skyline Champion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyline Champion and related companies with MarketBeat.com's FREE daily email newsletter.