Fort Washington Investment Advisors Inc. OH Boosts Stock Position in Skyline Champion Co. (NYSE:SKY)

Fort Washington Investment Advisors Inc. OH lifted its position in Skyline Champion Co. (NYSE:SKY) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,464 shares of the company’s stock after purchasing an additional 550 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.34% of Skyline Champion worth $16,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SKY. FMR LLC lifted its position in Skyline Champion by 32.3% during the third 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 during the period. Assenagon Asset Management S.A. purchased a new position in shares of Skyline Champion during the 3rd quarter valued at about $27,769,000. Cerity Partners LLC lifted its holdings 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 buying an additional 102,506 shares during the period. State Street Corp boosted its stake in shares of Skyline Champion by 4.6% in the third 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 during the last quarter. Finally, Summit Partners Public Asset Management LLC grew its holdings in Skyline Champion by 23.3% during the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after acquiring an additional 76,573 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SKY. Jefferies Financial Group boosted their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Craig Hallum increased their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada increased their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion presently has an average rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $89.59 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The firm has a fifty day moving average of $96.27 and a 200 day moving average of $90.91. The firm has a market cap of $5.14 billion, a PE ratio of 34.59 and a beta of 1.63. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

Skyline Champion (NYSE:SKY) last released its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The business had revenue of $616.88 million during the quarter, compared to analysts’ expectations of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. As a group, research analysts predict that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

About Skyline Champion

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.