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

Shares of Skyline Champion Co. (NYSE:SKY - Get Free Report) have received a consensus recommendation of "Hold" from the five analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $90.20.

Several equities analysts recently weighed in on SKY shares. Barclays raised their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Royal Bank of Canada increased 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 note on Thursday, February 6th.

Skyline Champion Stock Down 1.2 %

NYSE:SKY traded down $1.13 on Friday, hitting $94.22. 555,112 shares of the company's stock were exchanged, compared to its average volume of 483,503. The firm has a 50-day moving average price of $95.93 and a 200-day moving average price of $95.57. Skyline Champion has a 52 week low of $64.82 and a 52 week 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 company has a market cap of $5.40 billion, a P/E ratio of 33.18 and a beta of 1.61.

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Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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%. As a group, analysts expect that Skyline Champion will post 3.63 EPS for the current fiscal year.

Insider Activity at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the business'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 transaction of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors acquired a new stake in Skyline Champion in the 4th quarter worth about $98,978,000. Vanguard Group Inc. increased its holdings in shares of Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after purchasing an additional 876,712 shares during the period. Norges Bank bought a new position in shares of Skyline Champion during the fourth quarter worth approximately $69,346,000. Capital World Investors raised its position in shares of Skyline Champion by 31.5% in the fourth quarter. Capital World Investors now owns 2,638,862 shares of the company's stock valued at $232,484,000 after buying an additional 632,718 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Skyline Champion by 32.3% in the third quarter. FMR LLC now owns 1,491,907 shares of the company's stock valued at $141,507,000 after buying an additional 363,885 shares during the period.

About Skyline Champion

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.