2,563 Shares in Skyline Champion Co. (NYSE:SKY) Acquired by Franklin Resources Inc.

Franklin Resources Inc. acquired a new position in shares of Skyline Champion Co. (NYSE:SKY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,563 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors also recently bought and sold shares of the company. SkyView Investment Advisors LLC grew its stake in shares of Skyline Champion by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock worth $592,000 after acquiring an additional 132 shares in the last quarter. CWM LLC grew its stake in Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after purchasing an additional 158 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Skyline Champion by 5.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company’s stock worth $333,000 after purchasing an additional 171 shares during the period. BNP Paribas Financial Markets raised its position in Skyline Champion by 0.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company’s stock valued at $3,215,000 after purchasing an additional 299 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its stake in shares of Skyline Champion by 10.0% in the 3rd quarter. Portside Wealth Group LLC now owns 3,339 shares of the company’s stock valued at $317,000 after buying an additional 304 shares during the period.

Analyst Upgrades and Downgrades

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

Skyline Champion Stock Performance

Shares of SKY stock opened at $88.10 on Thursday. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 34.02 and a beta of 1.59. The stock has a 50 day simple moving average of $97.23 and a 200-day simple moving average of $88.82.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The firm had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. During the same period last year, the business posted $0.82 EPS. Skyline Champion’s quarterly revenue was up 32.9% on a year-over-year basis. On average, equities analysts forecast that Skyline Champion Co. will post 3.43 EPS for the current year.

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.