Skyline Champion Co. (NYSE:SKY) Shares Purchased by Argent Capital Management LLC

Argent Capital Management LLC lifted its position in Skyline Champion Co. (NYSE:SKY) by 32.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,385 shares of the company’s stock after purchasing an additional 4,959 shares during the period. Argent Capital Management LLC’s holdings in Skyline Champion were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its stake in Skyline Champion by 2.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock worth $179,004,000 after purchasing an additional 53,965 shares in the last quarter. State Street Corp raised 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 buying an additional 78,733 shares during the period. FMR LLC increased its holdings in Skyline Champion by 32.3% in the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company’s stock valued at $141,507,000 after purchasing an additional 363,885 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in Skyline Champion by 3.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company’s stock valued at $52,055,000 after purchasing an additional 24,353 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Skyline Champion by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company’s stock worth $60,702,000 after acquiring an additional 33,942 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Skyline Champion Trading Up 2.6 %

Shares of Skyline Champion stock opened at $92.67 on Thursday. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.32 billion, a PE ratio of 35.78 and a beta of 1.63. The company has a 50-day moving average of $96.77 and a two-hundred day moving average of $90.04.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 earnings per share. On average, research analysts anticipate that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

About Skyline Champion

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.