Skyline Champion Co. (NYSE:SKY) Position Increased by Congress Asset Management Co.

Congress Asset Management Co. increased its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 608,035 shares of the company's stock after buying an additional 23,594 shares during the quarter. Congress Asset Management Co. owned about 1.06% of Skyline Champion worth $53,568,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Skyline Champion by 85.0% in the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company's stock valued at $13,372,000 after buying an additional 69,756 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Skyline Champion in the fourth quarter valued at about $1,048,000. Van ECK Associates Corp grew its stake in shares of Skyline Champion by 21.8% in the fourth quarter. Van ECK Associates Corp now owns 40,108 shares of the company's stock valued at $3,534,000 after buying an additional 7,184 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Skyline Champion in the fourth quarter valued at about $2,247,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Skyline Champion in the fourth quarter valued at about $2,651,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Craig Hallum increased their price target on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Barclays increased their price target on Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $90.20.

Insiders Place Their Bets

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the 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 transaction, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now directly 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 disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Skyline Champion Stock Down 0.9 %

SKY traded down $0.97 on Wednesday, reaching $103.94. The company's stock had a trading volume of 916,573 shares, compared to its average volume of 677,051. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 36.60 and a beta of 1.62. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. 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 business's 50 day moving average is $94.88 and its 200 day moving average is $94.03.

Skyline Champion (NYSE:SKY - Get Free Report) last released 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%. As a group, research analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal 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.