Vaughan Nelson Investment Management L.P. Sells 315,077 Shares of Skyline Champion Co. (NYSE:SKY)

Vaughan Nelson Investment Management L.P. decreased its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 43.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 407,105 shares of the company’s stock after selling 315,077 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Skyline Champion were worth $35,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in Skyline Champion by 4.6% in the third quarter. State Street Corp now owns 1,790,962 shares of the company’s stock valued at $169,873,000 after purchasing an additional 78,733 shares in the last quarter. FMR LLC increased its stake in shares of Skyline Champion by 32.3% during the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company’s stock worth $141,507,000 after purchasing an additional 363,885 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Skyline Champion by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company’s stock valued at $60,702,000 after purchasing an additional 33,942 shares during the period. Congress Asset Management Co. lifted its stake in Skyline Champion by 2.7% in the 3rd quarter. Congress Asset Management Co. now owns 584,441 shares of the company’s stock valued at $55,434,000 after purchasing an additional 15,242 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 purchasing an additional 76,573 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on SKY shares. Royal Bank of Canada raised their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday. Barclays upped their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Craig Hallum raised their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and an average price target of $90.20.

Skyline Champion Stock Performance

NYSE SKY opened at $103.89 on Friday. The company has a market capitalization of $5.95 billion, a P/E ratio of 36.58 and a beta of 1.62. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The company has a quick ratio of 1.64, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $94.76 and a two-hundred day moving average price of $92.61.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Analysts anticipate that Skyline Champion Co. will post 3.54 earnings per share 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.