Skyline Champion Co. (NYSE:SKY) Stock Position Lifted by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,999 shares of the company's stock after acquiring an additional 4,445 shares during the period. Congress Wealth Management LLC DE owned approximately 0.17% of Skyline Champion worth $8,634,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in shares of Skyline Champion during the 3rd quarter worth $32,000. Harvest Fund Management Co. Ltd purchased a new stake in Skyline Champion during the fourth quarter worth about $36,000. Quarry LP acquired a new position in Skyline Champion during the third quarter worth about $67,000. Venturi Wealth Management LLC purchased a new position in Skyline Champion in the fourth quarter valued at about $112,000. Finally, MML Investors Services LLC purchased a new position in Skyline Champion in the third quarter valued at about $216,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays upped their price target on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Royal Bank of Canada upped 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. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $90.20.

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Insiders Place Their Bets

In other Skyline Champion news, 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 value of $408,564.01. Following the completion of the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the sale, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

Skyline Champion Trading Down 2.7 %

Shares of SKY stock traded down $2.57 on Friday, reaching $94.03. 303,659 shares of the stock were exchanged, compared to its average volume of 513,863. The firm has a 50 day moving average of $97.67 and a two-hundred day moving average of $95.97. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.39 billion, a P/E ratio of 33.11 and a beta of 1.61.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share 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%. On average, research analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current year.

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.