Skyline Champion Co. (NYSE:SKY) Receives Average Recommendation of “Hold” from Analysts

Skyline Champion Co. (NYSE:SKY) has received a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $90.20.

A number of brokerages have weighed in on SKY. Barclays lifted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Royal Bank of Canada boosted 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 report on Thursday, February 6th.

Skyline Champion Price Performance

SKY opened at $96.72 on Friday. The stock has a market cap of $5.54 billion, a P/E ratio of 34.06 and a beta of 1.61. Skyline Champion has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $95.63 and a 200 day simple moving average of $95.38.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. On average, research analysts expect that Skyline Champion will post 3.63 EPS for the current year.

Insider Transactions at Skyline Champion

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

Hedge Funds Weigh In On Skyline Champion

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of Skyline Champion during the 3rd quarter worth approximately $32,000. Harvest Fund Management Co. Ltd acquired a new stake in Skyline Champion during the 4th quarter valued at $36,000. Quarry LP bought a new position in Skyline Champion during the third quarter worth $67,000. Sterling Capital Management LLC increased its holdings in shares of Skyline Champion by 645.5% in the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock valued at $81,000 after purchasing an additional 794 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Skyline Champion in the fourth quarter valued at about $108,000.

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.