State of New Jersey Common Pension Fund D Reduces Stock Holdings in Skyline Champion Co. (NYSE:SKY)

State of New Jersey Common Pension Fund D reduced its position in shares of Skyline Champion Co. (NYSE:SKY) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,257 shares of the company’s stock after selling 891 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Skyline Champion were worth $1,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company’s stock valued at $141,507,000 after buying an additional 363,885 shares during the period. Cerity Partners LLC boosted its stake in shares of Skyline Champion by 118.8% during the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock worth $17,905,000 after acquiring an additional 102,506 shares during the last quarter. State Street Corp grew its position in shares of Skyline Champion by 4.6% during the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company’s stock valued at $169,873,000 after acquiring an additional 78,733 shares during the period. Summit Partners Public Asset Management LLC grew its position in shares of Skyline Champion by 23.3% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock valued at $38,383,000 after acquiring an additional 76,573 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Skyline Champion by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock worth $12,075,000 after purchasing an additional 73,697 shares in the last quarter.

Insider Transactions at Skyline Champion

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Craig Hallum lifted their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays increased their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $90.20.

Skyline Champion Price Performance

Shares of Skyline Champion stock opened at $100.24 on Tuesday. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 35.30 and a beta of 1.62. 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 stock’s 50-day simple moving average is $94.53 and its 200-day simple moving average is $94.69. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49.

Skyline Champion (NYSE:SKY) last posted 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%. As a group, analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Skyline Champion 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.