Skyline Champion Co. (NYSE:SKY) Receives Consensus Rating of “Hold” from Brokerages

Skyline Champion Co. (NYSE:SKY) has earned an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $90.20.

SKY has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th.

Insider Activity at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the sale, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Skyline Champion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of Skyline Champion in the third quarter worth $32,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Skyline Champion in the 4th quarter valued at about $36,000. Quarry LP acquired a new stake in shares of Skyline Champion in the third quarter valued at about $67,000. Sterling Capital Management LLC raised its position in shares of Skyline Champion by 645.5% during the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock worth $81,000 after acquiring an additional 794 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Skyline Champion in the fourth quarter worth approximately $108,000.

Skyline Champion Stock Performance

Shares of NYSE:SKY opened at $96.72 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion has a 12-month low of $64.82 and a 12-month high of $116.49. The company’s 50 day moving average price is $95.63 and its two-hundred day moving average price is $95.38. The firm has a market cap of $5.54 billion, a PE ratio of 34.06 and a beta of 1.61.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Equities research analysts predict that Skyline Champion will post 3.63 earnings per share for the current year.

Skyline Champion Company Profile

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.