Baird Financial Group Inc. Invests $288,000 in Skyline Champion Co. (NYSE:SKY)

Baird Financial Group Inc. bought a new stake in Skyline Champion Co. (NYSE:SKY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,272 shares of the company's stock, valued at approximately $288,000.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors acquired a new stake in shares of Skyline Champion in the 4th quarter worth $98,978,000. Vanguard Group Inc. lifted its position in Skyline Champion by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after purchasing an additional 876,712 shares during the period. Norges Bank purchased a new stake in Skyline Champion in the 4th quarter valued at approximately $69,346,000. Capital World Investors increased its position in Skyline Champion by 31.5% during the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company's stock worth $232,484,000 after purchasing an additional 632,718 shares during the period. Finally, Principal Financial Group Inc. increased its position in Skyline Champion by 5,843.2% during the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock worth $22,635,000 after purchasing an additional 252,601 shares during the period.

Skyline Champion Trading Down 2.1%

Shares of NYSE:SKY traded down $1.84 during trading on Thursday, reaching $85.67. The stock had a trading volume of 22,915 shares, compared to its average volume of 541,886. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.91 billion, a P/E ratio of 30.23 and a beta of 1.37. The business has a fifty day moving average price of $88.29 and a 200-day moving average price of $94.08. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SKY shares. Barclays cut their price objective on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada lifted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $88.40.

Skyline Champion 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.