Skyline Champion Co. (NYSE:SKY) Receives Consensus Rating of “Hold” from Analysts

Shares of Skyline Champion Co. (NYSE:SKY) have earned an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $88.40.

SKY has been the topic of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Barclays lowered their price target on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th.

Skyline Champion Price Performance

NYSE:SKY opened at $84.73 on Friday. The firm’s fifty day moving average is $91.93 and its two-hundred day moving average is $94.58. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 29.83 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. Skyline Champion has a one year low of $64.82 and a one year high of $116.49.

Skyline Champion (NYSE:SKY) last issued its 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%. Research analysts expect that Skyline Champion will post 3.63 EPS for the current year.

Insider Transactions at Skyline Champion

In other Skyline Champion 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 directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at $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.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its holdings in shares of Skyline Champion by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock worth $592,000 after buying an additional 132 shares in the last quarter. Ulland Investment Advisors LLC grew its stake in Skyline Champion by 0.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock valued at $4,635,000 after acquiring an additional 171 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Skyline Champion by 5.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,336 shares of the company’s stock valued at $316,000 after acquiring an additional 172 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Skyline Champion by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company’s stock worth $495,000 after purchasing an additional 178 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock worth $442,000 after purchasing an additional 180 shares in 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.