Posted by admin on Aug 19th, 2022

Toronto Dominion Bank increased its position in Skyline Champion Co. (NYSE:SKY – Get Rating) by 73.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,400 shares of the company’s stock after acquiring an additional 7,800 shares during the period. Toronto Dominion Bank’s holdings in Skyline Champion were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC raised its stake in shares of Skyline Champion by 15.2% during the 1st quarter. Ulland Investment Advisors LLC now owns 73,695 shares of the company’s stock valued at $4,044,000 after buying an additional 9,705 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Skyline Champion by 5.0% during the 1st quarter. Essex Investment Management Co. LLC now owns 41,608 shares of the company’s stock valued at $2,283,000 after buying an additional 1,995 shares during the last quarter. Swiss National Bank raised its stake in shares of Skyline Champion by 7.5% during the 1st quarter. Swiss National Bank now owns 120,800 shares of the company’s stock valued at $6,630,000 after buying an additional 8,400 shares during the last quarter. Duality Advisers LP purchased a new position in shares of Skyline Champion during the 1st quarter valued at about $1,020,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Skyline Champion by 6.6% during the 1st quarter. Teacher Retirement System of Texas now owns 10,512 shares of the company’s stock valued at $577,000 after buying an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 98.48% of the company’s stock.

A number of equities analysts have weighed in on SKY shares. Royal Bank of Canada lifted their price objective on Skyline Champion from $58.00 to $72.00 in a research note on Thursday, August 4th. StockNews.com upgraded Skyline Champion from a “hold” rating to a “buy” rating in a research report on Thursday. Craig Hallum raised their target price on Skyline Champion to $76.00 in a research report on Tuesday, August 9th. Barclays raised their target price on Skyline Champion from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. Finally, Wedbush upgraded Skyline Champion from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Thursday, July 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $73.00.

In related news, Director Erin Mulligan Nelson sold 6,508 shares of Skyline Champion stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $52.83, for a total value of $343,817.64. Following the sale, the director now directly owns 1,750 shares in the company, valued at approximately $92,452.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Joseph A. Kimmell sold 5,921 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $66.71, for a total transaction of $394,989.91. Following the transaction, the executive vice president now directly owns 38,813 shares in the company, valued at approximately $2,589,215.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Erin Mulligan Nelson sold 6,508 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $52.83, for a total value of $343,817.64. Following the transaction, the director now owns 1,750 shares in the company, valued at $92,452.50. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by insiders.

SKY stock opened at $66.09 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.66 and a debt-to-equity ratio of 0.01. Skyline Champion Co. has a 12-month low of $43.04 and a 12-month high of $85.92. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 11.76 and a beta of 1.98. The business’s 50-day moving average is $56.27 and its 200 day moving average is $58.70.

Skyline Champion (NYSE:SKY – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.46. Skyline Champion had a return on equity of 40.73% and a net margin of 13.30%. The company had revenue of $725.88 million for the quarter, compared to analysts’ expectations of $688.65 million. On average, sell-side analysts anticipate that Skyline Champion Co. will post 5.96 EPS for the current fiscal year.

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.

Receive News & Ratings for Skyline Champion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyline Champion and related companies with MarketBeat.com's FREE daily email newsletter.

Insider Selling: PDC Energy, Inc. (NASDAQ:PDCE) Director Sells $434,000.00 in Stock

Walmart (NYSE:WMT) PT Raised to $158.00