Arizona State Retirement System Raises Stock Position in Skyline Champion Co. (NYSE:SKY)

Arizona State Retirement System grew its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,359 shares of the company’s stock after buying an additional 324 shares during the quarter. Arizona State Retirement System’s holdings in Skyline Champion were worth $1,041,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Skyline Champion during the first quarter valued at approximately $63,000. Kessler Investment Group LLC raised its holdings in Skyline Champion by 41.0% during the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after buying an additional 647 shares during the period. Blue Trust Inc. boosted its stake in Skyline Champion by 77,800.0% during the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after buying an additional 3,112 shares during the period. Cannon Global Investment Management LLC bought a new position in Skyline Champion during the second quarter valued at $217,000. Finally, Burney Co. purchased a new stake in shares of Skyline Champion in the second quarter valued at $231,000.

Insider Activity at Skyline Champion

In other Skyline Champion news, CFO Laurie M. Hough sold 5,354 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $88.64, for a total transaction of $474,578.56. Following the completion of the sale, the chief financial officer now owns 105,153 shares in the company, valued at $9,320,761.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Erin Mulligan Nelson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $83.18, for a total transaction of $83,180.00. Following the completion of the transaction, the director now owns 5,170 shares in the company, valued at approximately $430,040.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Laurie M. Hough sold 5,354 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $88.64, for a total transaction of $474,578.56. Following the completion of the sale, the chief financial officer now owns 105,153 shares of the company’s stock, valued at $9,320,761.92. The disclosure for this sale can be found here. Insiders have sold a total of 163,636 shares of company stock valued at $14,582,253 over the last ninety days. 6.90% of the stock is owned by company insiders.

Skyline Champion Price Performance

Shares of SKY stock opened at $95.57 on Friday. Skyline Champion Co. has a twelve month low of $52.12 and a twelve month high of $97.22. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $83.27 and a two-hundred day simple moving average of $78.85. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 37.63 and a beta of 1.58.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $627.80 million for the quarter, compared to analysts’ expectations of $600.39 million. During the same period in the prior year, the business earned $0.89 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. On average, analysts predict that Skyline Champion Co. will post 3.01 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.