US Bancorp DE Has $803,000 Stock Position in Skyline Champion Co. (NYSE:SKY)

US Bancorp DE boosted its holdings in Skyline Champion Co. (NYSE:SKY) by 3,916.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,117 shares of the company’s stock after buying an additional 8,890 shares during the quarter. US Bancorp DE’s holdings in Skyline Champion were worth $803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SKY. Truvestments Capital LLC acquired a new position in Skyline Champion during the 3rd quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Skyline Champion during the 3rd quarter valued at $67,000. Venturi Wealth Management LLC acquired a new position in Skyline Champion in the 4th quarter worth about $112,000. KBC Group NV grew its holdings in shares of Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after purchasing an additional 801 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Skyline Champion in the fourth quarter valued at approximately $210,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SKY shares. Barclays boosted 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. Royal Bank of Canada raised their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and an average target price of $90.20.

Skyline Champion Stock Down 1.1 %

Shares of NYSE:SKY opened at $95.46 on Tuesday. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The business’s 50-day moving average is $95.93 and its 200-day moving average is $95.57. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 33.61 and a beta of 1.61.

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

Insiders Place Their Bets

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the business’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 transaction of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion 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 sale, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

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.