Skyline Champion Co. (NYSE:SKY) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Skyline Champion Co. (NYSE:SKY) by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,897 shares of the company’s stock after purchasing an additional 6,400 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Skyline Champion were worth $3,111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. William Blair Investment Management LLC lifted its position in Skyline Champion by 19.1% in the third quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company’s stock valued at $70,859,000 after buying an additional 178,099 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Skyline Champion by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,058,324 shares of the company’s stock worth $67,432,000 after acquiring an additional 7,855 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Skyline Champion by 16.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 703,157 shares of the company’s stock worth $52,217,000 after buying an additional 101,265 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Skyline Champion by 5.7% in the third quarter. Burgundy Asset Management Ltd. now owns 600,406 shares of the company’s stock valued at $38,258,000 after buying an additional 32,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Skyline Champion by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 559,285 shares of the company’s stock valued at $35,638,000 after buying an additional 27,517 shares during the period.

Analysts Set New Price Targets

Several equities analysts have weighed in on SKY shares. Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a research report on Tuesday, February 6th. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and an average price target of $71.40.

Skyline Champion Stock Up 1.3 %

Shares of NYSE:SKY opened at $76.35 on Friday. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $86.71. The firm’s 50 day moving average price is $80.94 and its 200 day moving average price is $71.63. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 21.88 and a beta of 1.53.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $559.46 million for the quarter, compared to analyst estimates of $505.20 million. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. As a group, equities research analysts predict that Skyline Champion Co. will post 3.19 earnings per share for the current fiscal year.

About Skyline Champion

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.