Teacher Retirement System of Texas Grows Stock Position in Skyline Champion Co. (NYSE:SKY)

Teacher Retirement System of Texas lifted its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 610.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,474 shares of the company's stock after buying an additional 27,043 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Skyline Champion worth $2,773,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SKY. Intech Investment Management LLC purchased a new stake in Skyline Champion in the third quarter valued at $1,101,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Skyline Champion by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company's stock valued at $60,702,000 after purchasing an additional 33,942 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Skyline Champion by 63.3% in the 3rd quarter. Citigroup Inc. now owns 79,668 shares of the company's stock valued at $7,557,000 after purchasing an additional 30,892 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Skyline Champion by 118.8% in the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company's stock valued at $17,905,000 after purchasing an additional 102,506 shares during the period. Finally, Algert Global LLC grew its stake in Skyline Champion by 164.1% during the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company's stock worth $1,384,000 after buying an additional 9,066 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SKY. Royal Bank of Canada boosted their price objective 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. Barclays upped their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" 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. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $90.20.

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Skyline Champion Stock Performance

Shares of NYSE:SKY traded down $2.57 during trading on Friday, reaching $94.03. The company had a trading volume of 303,659 shares, compared to its average volume of 513,863. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two 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 stock's fifty day moving average price is $97.67 and its 200 day moving average price is $95.97. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 33.11 and a beta of 1.61.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts predict that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Buying and Selling

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 $4,107,020.31. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction dated 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 directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

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.