Stifel Financial Corp Raises Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Stifel Financial Corp raised its position in shares of Skyline Champion Co. (NYSE:SKY) by 42.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,305 shares of the company’s stock after buying an additional 2,494 shares during the period. Stifel Financial Corp’s holdings in Skyline Champion were worth $788,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Skyline Champion in the 3rd quarter worth approximately $32,000. Quarry LP purchased a new stake in Skyline Champion in the third quarter worth $67,000. nVerses Capital LLC bought a new stake in Skyline Champion in the third quarter valued at $76,000. Cannon Global Investment Management LLC purchased a new position in Skyline Champion during the 2nd quarter valued at $217,000. Finally, CWM LLC raised its holdings in Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after purchasing an additional 158 shares in the last quarter.

Skyline Champion Trading Up 0.7 %

Skyline Champion stock opened at $91.89 on Wednesday. The business has a 50-day simple moving average of $98.02 and a two-hundred day simple moving average of $87.96. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.27 billion, a P/E ratio of 35.48 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last announced its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business had revenue of $616.88 million during the quarter, compared to analysts’ expectations of $600.52 million. During the same period in the prior year, the company earned $0.82 earnings per share. The firm’s revenue was up 32.9% on a year-over-year basis. Analysts predict that Skyline Champion Co. will post 3.43 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SKY. Barclays boosted their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Craig Hallum upped their target price on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their target price on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada upped their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. 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.com, the company has an average rating of “Hold” and an average target price of $85.40.

About Skyline Champion

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.