Skyline Champion Co. (NYSE:SKY) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its position in Skyline Champion Co. (NYSE:SKY) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,999 shares of the company’s stock after buying an additional 4,445 shares during the period. Congress Wealth Management LLC DE owned about 0.17% of Skyline Champion worth $8,634,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of Skyline Champion in the third quarter worth approximately $32,000. Harvest Fund Management Co. Ltd purchased a new stake in Skyline Champion during the 4th quarter valued at about $36,000. Quarry LP purchased a new stake in shares of Skyline Champion in the third quarter valued at approximately $67,000. Venturi Wealth Management LLC acquired a new stake in shares of Skyline Champion in the 4th quarter worth $112,000. Finally, KBC Group NV raised its holdings in shares of Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after acquiring an additional 801 shares during the period.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company’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 sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $97.34 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 34.27 and a beta of 1.61. The business has a 50-day moving average of $97.26 and a 200 day moving average of $95.78. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. As a group, sell-side analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SKY has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Skyline Champion presently has an average rating of “Hold” and an average price target of $90.20.

Skyline Champion 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.