Thrivent Financial for Lutherans Buys 53,965 Shares of Skyline Champion Co. (NYSE:SKY)

Thrivent Financial for Lutherans raised its stake in shares of Skyline Champion Co. (NYSE:SKY) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,642,123 shares of the company’s stock after purchasing an additional 53,965 shares during the period. Thrivent Financial for Lutherans owned 4.57% of Skyline Champion worth $179,004,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SummerHaven Investment Management LLC increased its position in Skyline Champion by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company’s stock valued at $763,000 after buying an additional 216 shares in the last quarter. Penbrook Management LLC increased its position in Skyline Champion by 2.7% in the 2nd quarter. Penbrook Management LLC now owns 9,810 shares of the company’s stock valued at $665,000 after buying an additional 260 shares in the last quarter. Arizona State Retirement System increased its position in Skyline Champion by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 15,359 shares of the company’s stock valued at $1,041,000 after buying an additional 324 shares in the last quarter. Verdence Capital Advisors LLC increased its position in Skyline Champion by 14.8% in the 1st quarter. Verdence Capital Advisors LLC now owns 3,857 shares of the company’s stock valued at $328,000 after buying an additional 497 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Skyline Champion by 0.4% during the 2nd quarter. Natixis Advisors LLC now owns 176,640 shares of the company’s stock valued at $11,967,000 after purchasing an additional 634 shares during the last quarter.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $92.81 on Friday. Skyline Champion Co. has a twelve month low of $52.12 and a twelve month high of $97.22. The stock’s 50 day moving average price is $85.61 and its 200-day moving average price is $79.21. The company has a market capitalization of $5.37 billion, a PE ratio of 36.54 and a beta of 1.58. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced its earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.22. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The firm had revenue of $627.80 million for the quarter, compared to the consensus estimate of $600.39 million. During the same quarter in the previous year, the business earned $0.89 EPS. The company’s revenue was up 35.1% compared to the same quarter last year. On average, equities analysts anticipate that Skyline Champion Co. will post 3.01 EPS for the current year.

Insider Activity at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 2,874 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $89.42, for a total value of $256,993.08. Following the transaction, the vice president now owns 38,792 shares in the company, valued at $3,468,780.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Timothy A. Burkhardt sold 2,874 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $89.42, for a total value of $256,993.08. Following the transaction, the vice president now owns 38,792 shares in the company, valued at $3,468,780.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael B. Berman sold 3,496 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $82.34, for a total value of $287,860.64. Following the completion of the transaction, the director now owns 8,099 shares in the company, valued at approximately $666,871.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,636 shares of company stock worth $14,582,253. Insiders own 6.90% of the company’s stock.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Barclays lifted their price target on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and a consensus price target of $78.75.

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.