Vaughan Nelson Investment Management L.P. Sells 122,185 Shares of Skyline Champion Co. (NYSE:SKY)

Vaughan Nelson Investment Management L.P. reduced its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 722,182 shares of the company's stock after selling 122,185 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.26% of Skyline Champion worth $68,500,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of Skyline Champion in the 3rd quarter valued at $76,000. Kessler Investment Group LLC raised its holdings in shares of Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company's stock valued at $151,000 after purchasing an additional 647 shares during the period. Blue Trust Inc. raised its holdings 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 valued at $211,000 after purchasing an additional 3,112 shares during the period. Cannon Global Investment Management LLC bought a new position in shares of Skyline Champion during the 2nd quarter worth about $217,000. Finally, CWM LLC grew its stake in shares of Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company's stock valued at $217,000 after buying an additional 158 shares during the period.

Insider Activity

In other Skyline Champion news, VP Timothy A. Burkhardt sold 2,874 shares of the firm's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $89.42, for a total value of $256,993.08. Following the completion of the transaction, the vice president now directly owns 38,792 shares of the company's stock, valued at $3,468,780.64. This trade represents a 6.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Laurie M. Hough sold 5,354 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $88.64, for a total transaction of $474,578.56. Following the completion of the transaction, the chief financial officer now directly owns 105,153 shares in the company, valued at approximately $9,320,761.92. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 141,192 shares of company stock worth $12,660,782. 6.90% of the stock is owned by corporate insiders.

Skyline Champion Price Performance

Shares of SKY remained flat at $97.08 during trading hours on Friday. 342,852 shares of the stock traded hands, compared to its average volume of 418,391. The company has a 50-day moving average price of $93.32 and a 200 day moving average price of $82.95. Skyline Champion Co. has a 52-week low of $58.35 and a 52-week high of $101.39. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.57 billion, a P/E ratio of 37.48 and a beta of 1.59.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.32. The business had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. Skyline Champion's revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. Research analysts predict that Skyline Champion Co. will post 3.43 earnings per share for the current year.

Wall Street Analyst Weigh In

SKY has been the topic of a number of research reports. Jefferies Financial Group upped their price target on Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. StockNews.com raised Skyline Champion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Barclays boosted their target price on Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Wedbush restated a "neutral" rating and set a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. Finally, Craig Hallum raised their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $85.40.

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.