Mutual of America Capital Management LLC Buys 2,987 Shares of Skyline Champion Co. (NYSE:SKY)

Mutual of America Capital Management LLC boosted its stake in Skyline Champion Co. (NYSE:SKY) by 3.3% during the 4th quarter, HoldingsChannel reports. The fund owned 93,020 shares of the company’s stock after acquiring an additional 2,987 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Skyline Champion were worth $8,195,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SKY. FMR LLC lifted its position in Skyline Champion by 32.3% during the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company’s stock worth $141,507,000 after buying an additional 363,885 shares in the last quarter. Principal Financial Group Inc. lifted its position in Skyline Champion by 5,843.2% during the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company’s stock worth $22,635,000 after buying an additional 252,601 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Skyline Champion by 80.7% during the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock worth $30,928,000 after buying an additional 156,757 shares in the last quarter. Cerity Partners LLC lifted its position in Skyline Champion by 118.8% during the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock worth $17,905,000 after buying an additional 102,506 shares in the last quarter. Finally, State Street Corp lifted its position in Skyline Champion by 4.6% during the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company’s stock worth $169,873,000 after buying an additional 78,733 shares in the last quarter.

Insiders Place Their Bets

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s 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 transaction, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm’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 transaction of $408,564.01. Following the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Stock Up 1.6 %

Shares of SKY stock opened at $102.52 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The firm’s 50-day moving average is $94.98 and its 200-day moving average is $95.18. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 36.10 and a beta of 1.62. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Skyline Champion Co. will post 3.63 EPS for the current year.

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.