Skyline Champion (NYSE:SKY) Hits New 52-Week High at $91.70

Shares of Skyline Champion Co. (NYSE:SKY) reached a new 52-week high during trading on Friday . The company traded as high as $91.70 and last traded at $91.67, with a volume of 50315 shares trading hands. The stock had previously closed at $88.34.

Wall Street Analyst Weigh In

Several research firms have issued reports on SKY. Barclays increased their target price on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Wedbush reissued a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a report on Wednesday, August 7th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Craig Hallum dropped their price objective on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Royal Bank of Canada raised their price target on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $78.75.

Skyline Champion Price Performance

The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $76.84 and its 200-day simple moving average is $77.80. The stock has a market cap of $5.35 billion, a PE ratio of 36.42 and a beta of 1.57.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. The business had revenue of $627.80 million during the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. Skyline Champion’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. On average, research analysts expect that Skyline Champion Co. will post 3.01 EPS for the current fiscal year.

Insider Transactions at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 2,964 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $88.60, for a total value of $262,610.40. Following the completion of the sale, the executive vice president now directly owns 47,262 shares in the company, valued at $4,187,413.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Joseph A. Kimmell sold 2,964 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $88.60, for a total value of $262,610.40. Following the sale, the executive vice president now directly owns 47,262 shares of the company’s stock, valued at approximately $4,187,413.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 10,042 shares of Skyline Champion stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $70.12, for a total transaction of $704,145.04. Following the transaction, the executive vice president now directly owns 47,262 shares of the company’s stock, valued at $3,314,011.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,178 shares of company stock valued at $3,871,728. Company insiders own 6.90% of the company’s stock.

Institutional Investors Weigh In On Skyline Champion

Several hedge funds have recently added to or reduced their stakes in SKY. Headlands Technologies LLC purchased a new stake in Skyline Champion during the 1st quarter valued at about $63,000. Kessler Investment Group LLC bought a new position in shares of Skyline Champion in the fourth quarter worth approximately $123,000. Blue Trust Inc. grew 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 buying an additional 3,112 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of Skyline Champion during the second quarter valued at approximately $217,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in Skyline Champion in the 4th quarter worth approximately $219,000.

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.