Wedbush affirmed a neutral rating for Skyline Champion (SKY).

Wedbush maintained its neutral rating on the company’s shares Skyline Champion (NYSE:SKY – Free Report) – according to Benzinga, in a research note published Wednesday morning. Currently, the price target for Wedbush stock is $72.00.

Additionally, Royal Bank of Canada increased their price target on Skyline Champion from $69.00 to $73.00 and gave the company an Industry Perform rating in a research report released on Wednesday, February 7th. Five analysts have rated the company’s shares with a hold rating and one has given a buy rating to the company’s shares. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $71.40.

Check out our latest stock report on Skyline Champion

Skyline Champion shares fell 7.4%

Shares of NYSE:SKY opened at $71.97 on Wednesday. The company has a 50-day moving average price of $79.40 and a 200-day moving average price of $74.03. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt to equity ratio of 0.02. The company’s market capitalization is $4.16 billion, its price-to-earnings ratio is 20.62 and its beta is 1.54. Skyline Champion has a 12 month low of $52.12 and a 12 month high of $86.71.

Skyline Champion (NYSE:SKY – Get Free Report) last released its quarterly data on Tuesday, May 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.67 by ($0.05). The company’s revenue for the quarter was $536.36 million, compared to analyst estimates of $560.90 million. Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. The company’s revenue for the quarter increased by 9.1% compared to the same quarter last year. During the same period last year, the company reported earnings per share of $1.00. Sell-side analysts expect Skyline Champion to post 3.19 EPS for the current year.

Hedge funds are counting on a Skyline champion

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB acquired a new position in shares of Skyline Champion during the fourth quarter worth approximately $4,775,000. Mutual of America Capital Management LLC increased its position in shares of Skyline Champion by 106.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 85,986 shares of the company’s stock valued at $6,385,000 after purchasing an additional 44,276 shares in the last quarter. Cerity Partners LLC increased its position in shares of Skyline Champion by 1,363.7% during the 4th quarter. Cerity Partners LLC now owns 81,293 shares of the company’s stock valued at $6,037,000 after purchasing an additional 75,739 shares in the last quarter. In the fourth quarter, Charles Schwab Investment Management Inc. increased its position in Skyline Champion shares by 2.6%. Charles Schwab Investment Management Inc. now owns 573,607 shares of the company’s stock valued at $42,596,000 after purchasing an additional 14,322 shares in the last quarter. Finally, Vaughan Nelson Investment Management LP increased its holdings in Skyline Champion by 16.8% in the fourth quarter. Vaughan Nelson Investment Management LP now owns 703,157 shares of the company’s stock worth $52,217,000 after purchasing an additional 101,265 shares in the last quarter.

Skyline Champion company profile

(Get the free report)

Skyline Champion Corporation manufactures and sells factory-built homes in North America. The company offers manufactured and modular homes, RV park models, accessory dwelling units and modular buildings for the multifamily 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 the Moduline and SRI Homes brands in Western Canada.

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