State of New Jersey Common Pension Fund D Buys 6,400 Shares of Skyline Champion Co. (NYSE:SKY)

State of New Jersey Common Pension Fund D grew its position in shares of Skyline Champion Co. (NYSE:SKY) by 18.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,897 shares of the company’s stock after buying an additional 6,400 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Skyline Champion worth $3,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in Skyline Champion in the third quarter valued at about $94,000. GW Henssler & Associates Ltd. bought a new position in shares of Skyline Champion in the 3rd quarter worth approximately $202,000. Verdence Capital Advisors LLC purchased a new position in shares of Skyline Champion in the third quarter worth approximately $205,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Skyline Champion during the third quarter valued at approximately $216,000. Finally, Outlook Wealth Advisors LLC bought a new position in Skyline Champion in the fourth quarter worth approximately $231,000.

Skyline Champion Trading Up 1.3 %

Shares of SKY opened at $76.35 on Friday. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $86.71. The company has a 50 day simple moving average of $80.94 and a two-hundred day simple moving average of $71.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 1.71. The firm has a market cap of $4.41 billion, a P/E ratio of 21.88 and a beta of 1.53.

Skyline Champion (NYSE:SKY) last posted its earnings results on Monday, February 5th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $559.46 million during the quarter, compared to analysts’ expectations of $505.20 million. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. On average, equities analysts expect that Skyline Champion Co. will post 3.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SKY. Wedbush reaffirmed a “neutral” rating and set a $72.00 price target on shares of Skyline Champion in a report on Tuesday, February 6th. Royal Bank of Canada upped their target price on shares of Skyline Champion from $69.00 to $73.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and an average target price of $71.40.

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.