Skyline Champion (SKY) – Analysts’ Weekly Ratings Changes

Skyline Champion (NYSE: SKY) recently received a number of ratings updates from brokerages and research firms:

• 8/12/2024 – Skyline Champion had its price target raised by analysts at Barclays PLC from $68.00 to $85.00. They now have an “equal weight” rating on the stock.
• 8/8/2024 – Skyline Champion had its price target raised by analysts at Royal Bank of Canada from $68.00 to $82.00. They now have a “sector perform” rating on the stock.
• 8/8/2024 – Skyline Champion was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/7/2024 – Skyline Champion had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $64.00 price target on the stock.

Skyline Champion Stock Down 0.6 %

Shares of NYSE:SKY traded down $0.58 during trading on Thursday, reaching $89.18. The stock had a trading volume of 23,156 shares, compared to its average volume of 347,318. The firm’s 50-day simple moving average is $76.12 and its 200 day simple moving average is $77.59. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a one year low of $52.12 and a one year high of $91.02. The company has a market capitalization of $5.13 billion, a P/E ratio of 35.11 and a beta of 1.57.

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

Insider Buying and Selling at Skyline Champion

In other news, insider Timothy Mark Larson sold 3,500 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $71.98, for a total value of $251,930.00. Following the completion of the transaction, the insider now directly owns 48,800 shares in the company, valued at $3,512,624. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Timothy Mark Larson sold 3,500 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $71.98, for a total transaction of $251,930.00. Following the completion of the transaction, the insider now directly owns 48,800 shares in the company, valued at $3,512,624. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Laurie M. Hough sold 5,354 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $88.64, for a total value of $474,578.56. Following the sale, the chief financial officer now directly owns 105,153 shares in the company, valued at $9,320,761.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,214 shares of company stock worth $3,609,118. 6.90% of the stock is currently owned by insiders.

Institutional Trading of Skyline Champion

A number of institutional investors and hedge funds have recently made changes to their positions in SKY. Headlands Technologies LLC purchased a new position in shares of Skyline Champion during the 1st quarter worth $63,000. Kessler Investment Group LLC acquired a new position in Skyline Champion in the fourth quarter valued at approximately $123,000. Blue Trust Inc. grew its position in Skyline Champion by 77,800.0% in the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after acquiring an additional 3,112 shares during the period. Cannon Global Investment Management LLC acquired a new stake in Skyline Champion during the second quarter worth $217,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Skyline Champion in the 4th quarter valued at $219,000.

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.