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

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

A number of brokerages recently weighed in on SKY. Barclays lifted their target price on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Craig Hallum lifted their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th.

Insiders Place Their Bets

In other news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Institutional Trading of Skyline Champion

Hedge funds and other institutional investors have recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in shares of Skyline Champion during the third quarter worth about $32,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Skyline Champion during the fourth quarter worth about $36,000. Quarry LP purchased a new stake in shares of Skyline Champion during the third quarter worth about $67,000. nVerses Capital LLC purchased a new stake in shares of Skyline Champion during the third quarter worth about $76,000. Finally, Sterling Capital Management LLC increased its position in shares of Skyline Champion by 645.5% during the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock worth $81,000 after acquiring an additional 794 shares during the last quarter.

Skyline Champion Price Performance

SKY stock opened at $107.40 on Tuesday. Skyline Champion has a 52-week low of $64.82 and a 52-week high of $116.49. The stock’s fifty day simple moving average is $94.93 and its 200-day simple moving average is $93.82. The company has a quick ratio of 1.64, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 37.82 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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 expect that Skyline Champion will post 3.54 EPS for the current 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.