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

Shares of Skyline Champion Co. (NYSE:SKY) have earned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $90.20.

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

Skyline Champion Trading Down 2.4 %

Shares of NYSE:SKY opened at $92.44 on Wednesday. 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 52-week low of $64.82 and a 52-week high of $116.49. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 32.55 and a beta of 1.61. The business has a 50-day moving average price of $97.79 and a 200-day moving average price of $96.03.

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

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Skyline Champion

Several institutional investors have recently bought and sold shares of SKY. SkyView Investment Advisors LLC lifted its position in shares of Skyline Champion by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock valued at $592,000 after acquiring an additional 132 shares in the last quarter. Ulland Investment Advisors LLC raised its stake in Skyline Champion by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock valued at $4,635,000 after purchasing an additional 171 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Skyline Champion by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company’s stock valued at $495,000 after purchasing an additional 178 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Skyline Champion by 3.7% during the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock worth $442,000 after buying an additional 180 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Skyline Champion by 3.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,800 shares of the company’s stock valued at $511,000 after buying an additional 200 shares during the last quarter.

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.