Skyline Champion Co. (NYSE:SKY) Given Average Rating of “Hold” by Brokerages

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

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

Skyline Champion Trading Up 0.8 %

Skyline Champion stock opened at $86.97 on Wednesday. Skyline Champion has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $97.78 and its two-hundred day simple moving average is $95.94. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 30.62 and a beta of 1.41.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share 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, equities analysts predict that Skyline Champion will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred 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 sale, the executive vice president now directly owns 39,411 shares in the company, 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. Insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Skyline Champion

Several institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Skyline Champion during the fourth quarter worth $8,833,000. GTS Securities LLC purchased a new stake in Skyline Champion during the 4th quarter worth about $382,000. Castleark Management LLC increased its holdings in shares of Skyline Champion by 19.2% in the 4th quarter. Castleark Management LLC now owns 59,020 shares of the company’s stock valued at $5,200,000 after acquiring an additional 9,520 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of Skyline Champion in the 4th quarter valued at about $216,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Skyline Champion by 16.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,804 shares of the company’s stock worth $10,819,000 after purchasing an additional 17,291 shares during the last quarter.

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.