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

Skyline Champion Co. (NYSE:SKY) has been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $70.80.

A number of brokerages recently commented on SKY. StockNews.com cut shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a research report on Wednesday, May 22nd. Barclays decreased their target price on shares of Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. Craig Hallum decreased their target price on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada decreased their target price on shares of Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 23rd.

Insider Buying and Selling

In other Skyline Champion news, EVP Joseph A. Kimmell sold 10,042 shares of Skyline Champion stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $70.12, for a total value of $704,145.04. Following the completion of the transaction, the executive vice president now directly owns 47,262 shares of the company’s stock, valued at $3,314,011.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Skyline Champion news, EVP Joseph A. Kimmell sold 10,042 shares of Skyline Champion stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $70.12, for a total value of $704,145.04. Following the completion of the transaction, the executive vice president now directly owns 47,262 shares of the company’s stock, valued at $3,314,011.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Mark Larson sold 3,500 shares of Skyline Champion stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $71.98, for a total transaction of $251,930.00. Following the completion of the transaction, the insider now directly owns 48,800 shares of the company’s stock, valued at $3,512,624. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its holdings in shares of Skyline Champion by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 10,909 shares of the company’s stock valued at $810,000 after purchasing an additional 150 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of Skyline Champion by 3.3% during the third quarter. SkyView Investment Advisors LLC now owns 5,385 shares of the company’s stock valued at $343,000 after purchasing an additional 171 shares during the last quarter. Meritage Portfolio Management increased its holdings in Skyline Champion by 5.4% during the fourth quarter. Meritage Portfolio Management now owns 5,223 shares of the company’s stock valued at $388,000 after buying an additional 269 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Skyline Champion by 14.8% during the first quarter. Verdence Capital Advisors LLC now owns 3,857 shares of the company’s stock valued at $328,000 after buying an additional 497 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in Skyline Champion by 16.1% during the fourth quarter. Virtu Financial LLC now owns 4,805 shares of the company’s stock valued at $357,000 after buying an additional 667 shares during the last quarter.

Skyline Champion Stock Performance

Skyline Champion stock opened at $69.41 on Friday. The firm’s fifty day moving average price is $72.22 and its 200-day moving average price is $75.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 2.36. The stock has a market cap of $4.01 billion, a P/E ratio of 27.33 and a beta of 1.57. Skyline Champion has a fifty-two week low of $52.12 and a fifty-two week high of $86.71.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $536.36 million for the quarter, compared to analysts’ expectations of $560.90 million. Skyline Champion had a net margin of 7.24% and a return on equity of 13.32%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. On average, equities research analysts expect that Skyline Champion will post 2.76 earnings per share for the current fiscal year.

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.