Thrivent Financial for Lutherans Sells 53,741 Shares of Skyline Champion Co. (NYSE:SKY)

Thrivent Financial for Lutherans decreased its stake in shares of Skyline Champion Co. (NYSE:SKY) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 2,255,247 shares of the company’s stock after selling 53,741 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Skyline Champion were worth $198,688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted 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 valued at $141,507,000 after acquiring an additional 363,885 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Skyline Champion by 5,843.2% in the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company’s stock valued at $22,635,000 after purchasing an additional 252,601 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Skyline Champion by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock valued at $30,928,000 after purchasing an additional 156,757 shares in the last quarter. Cerity Partners LLC grew its stake in Skyline Champion by 118.8% in 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 during the period. Finally, State Street Corp raised its holdings in Skyline Champion by 4.6% in the third quarter. State Street Corp now owns 1,790,962 shares of the company’s stock worth $169,873,000 after purchasing an additional 78,733 shares in the last quarter.

Skyline Champion Trading Down 1.1 %

NYSE SKY opened at $93.40 on Tuesday. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $96.47 and its 200-day moving average price is $95.66. The stock has a market cap of $5.35 billion, a P/E ratio of 32.89 and a beta of 1.61.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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%. As a group, equities analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Activity at Skyline Champion

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Barclays boosted their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $90.20.

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.