Principal Financial Group Inc. Has $410,000 Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Principal Financial Group Inc. lowered its stake in Skyline Champion Co. (NYSE:SKY) by 77.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,323 shares of the company’s stock after selling 14,649 shares during the quarter. Principal Financial Group Inc.’s holdings in Skyline Champion were worth $410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC grew its holdings in Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company’s stock worth $141,507,000 after purchasing an additional 363,885 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Skyline Champion during the 3rd quarter valued at $27,769,000. Victory Capital Management Inc. grew its holdings in shares of Skyline Champion by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock worth $45,385,000 after purchasing an additional 211,099 shares in the last quarter. Cerity Partners LLC increased its position in shares of Skyline Champion by 118.8% in the third quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock worth $17,905,000 after purchasing an additional 102,506 shares during the period. Finally, State Street Corp raised its stake in Skyline Champion by 4.6% in the third quarter. State Street Corp now owns 1,790,962 shares of the company’s stock valued at $169,873,000 after purchasing an additional 78,733 shares in the last quarter.

Skyline Champion Stock Up 5.2 %

Shares of NYSE SKY opened at $90.43 on Monday. The company’s fifty day simple moving average is $97.17 and its 200 day simple moving average is $89.15. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month 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 firm has a market cap of $5.19 billion, a PE ratio of 34.92 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. The firm had revenue of $616.88 million during the quarter, compared to analysts’ expectations of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, sell-side analysts forecast that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SKY shares. Jefferies Financial Group raised their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upped their price objective on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Craig Hallum upped their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.40.

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.