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

Skyline Champion Co. (NYSE:SKY) has been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $85.40.

A number of brokerages recently issued reports on SKY. Jefferies Financial Group boosted their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays increased their price target on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Craig Hallum lifted their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

Insiders Place Their Bets

In other news, Director Michael B. Berman sold 3,496 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $82.34, for a total value of $287,860.64. Following the sale, the director now directly owns 8,099 shares in the company, valued at approximately $666,871.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mak Capital One Llc sold 80,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the transaction, the director now directly owns 2,920,000 shares of the company’s stock, valued at approximately $263,267,200. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael B. Berman sold 3,496 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $287,860.64. Following the completion of the sale, the director now directly owns 8,099 shares of the company’s stock, valued at $666,871.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,136 shares of company stock worth $14,042,573. 6.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SKY. Headlands Technologies LLC acquired a new position in shares of Skyline Champion during the first quarter valued at about $63,000. nVerses Capital LLC acquired a new position in Skyline Champion during the 3rd quarter valued at approximately $76,000. Kessler Investment Group LLC raised its holdings in shares of Skyline Champion by 41.0% in the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after buying an additional 647 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Skyline Champion by 77,800.0% during the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after buying an additional 3,112 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Skyline Champion during the second quarter valued at $217,000.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $96.84 on Friday. The company has a market capitalization of $5.56 billion, a PE ratio of 37.39 and a beta of 1.59. Skyline Champion has a 52 week low of $53.84 and a 52 week high of $101.39. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average is $92.68 and its two-hundred day moving average is $82.20.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. The company had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. As a group, analysts expect that Skyline Champion will post 3.33 earnings per share 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.