Vaughan Nelson Investment Management L.P. Has $35.87 Million Stake in Skyline Champion Co. (NYSE:SKY)

Vaughan Nelson Investment Management L.P. lowered its holdings in Skyline Champion Co. (NYSE:SKY) by 43.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 407,105 shares of the company’s stock after selling 315,077 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.71% of Skyline Champion worth $35,866,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SKY. FMR LLC lifted its position in 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 buying an additional 363,885 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Skyline Champion in the third quarter worth about $27,769,000. Cerity Partners LLC lifted its position in shares of Skyline Champion by 118.8% during the third quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock worth $17,905,000 after purchasing an additional 102,506 shares in the last quarter. State Street Corp grew its stake in shares of Skyline Champion by 4.6% during 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 during the last quarter. Finally, Summit Partners Public Asset Management LLC increased its holdings in shares of Skyline Champion by 23.3% in the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock valued at $38,383,000 after purchasing an additional 76,573 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Skyline Champion Stock Down 1.8 %

NYSE:SKY opened at $103.89 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.59 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 stock’s fifty day simple moving average is $94.76 and its 200-day simple moving average is $92.61. The firm has a market capitalization of $5.95 billion, a P/E ratio of 36.58 and a beta of 1.62.

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

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.