Vanguard Group Inc. Has $523.58 Million Position in Skyline Champion Co. (NYSE:SKY)

Vanguard Group Inc. boosted its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,942,992 shares of the company's stock after buying an additional 876,712 shares during the period. Vanguard Group Inc. owned 10.38% of Skyline Champion worth $523,578,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. State Street Corp increased its position in Skyline Champion by 4.6% in the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock valued at $169,873,000 after acquiring an additional 78,733 shares during the period. FMR LLC boosted its position in shares of Skyline Champion by 32.3% during the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company's stock valued at $141,507,000 after purchasing an additional 363,885 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Skyline Champion by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock worth $124,377,000 after purchasing an additional 39,262 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Skyline Champion by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company's stock worth $60,107,000 after purchasing an additional 42,278 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in Skyline Champion by 4.0% during the fourth quarter. Congress Asset Management Co. now owns 608,035 shares of the company's stock valued at $53,568,000 after purchasing an additional 23,594 shares during the last quarter.

Remove Ads

Skyline Champion Stock Performance

Shares of SKY stock traded down $8.53 during trading on Thursday, reaching $86.41. The company had a trading volume of 778,903 shares, compared to its average volume of 517,060. The firm's 50 day simple moving average is $97.89 and its two-hundred day simple moving average is $96.02. Skyline Champion Co. has a one year low of $64.82 and a one 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 company has a market capitalization of $4.95 billion, a PE ratio of 30.43 and a beta of 1.61.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Sell-side analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price target on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Barclays raised their price objective on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Skyline Champion presently has an average rating of "Hold" and a consensus price target of $90.20.

Insider Transactions at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the transaction, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares of the company's stock, valued at approximately $3,495,290.22. The trade was 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 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.