Venturi Wealth Management LLC Makes New $112,000 Investment in Skyline Champion Co. (NYSE:SKY)

Venturi Wealth Management LLC bought a new position in Skyline Champion Co. (NYSE:SKY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,275 shares of the company’s stock, valued at approximately $112,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in Skyline Champion by 5,843.2% in the fourth quarter. Principal Financial Group Inc. now owns 256,924 shares of the company’s stock worth $22,635,000 after buying an additional 252,601 shares during the period. Vista Finance LLC bought a new position in shares of Skyline Champion in the fourth quarter worth $319,000. Congress Asset Management Co. grew its stake in shares of Skyline Champion by 4.0% in the fourth quarter. Congress Asset Management Co. now owns 608,035 shares of the company’s stock worth $53,568,000 after purchasing an additional 23,594 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Skyline Champion by 85.0% in the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company’s stock worth $13,372,000 after purchasing an additional 69,756 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Skyline Champion in the fourth quarter worth $1,048,000.

Skyline Champion Trading Down 3.3 %

Shares of SKY stock opened at $100.05 on Friday. The stock has a 50-day simple moving average of $94.58 and a 200 day simple moving average of $94.48. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The stock has a market capitalization of $5.73 billion, a P/E ratio of 35.23 and a beta of 1.62. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Activity at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares of the company’s stock, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays increased their price target on Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Craig Hallum increased their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $90.20.

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.