Skyline Champion Co. (NYSE:SKY) EVP Sells $451,750.35 in Stock

Skyline Champion Co. (NYSE:SKY) EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction dated 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 owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Skyline Champion Stock Performance

Shares of SKY opened at $108.15 on Friday. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The company has a 50-day moving average of $94.89 and a two-hundred day moving average of $93.28. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 38.08 and a beta of 1.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.64.

Skyline Champion (NYSE:SKY) last announced its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping 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%. On average, equities research analysts expect that Skyline Champion Co. will post 3.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SKY. Royal Bank of Canada raised their price objective 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. Barclays raised their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Craig Hallum raised their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.20.

Institutional Trading of Skyline Champion

Institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new stake in shares of Skyline Champion during the third quarter worth approximately $32,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Skyline Champion during the fourth quarter worth approximately $36,000. Quarry LP acquired a new stake in shares of Skyline Champion during the third quarter worth approximately $67,000. nVerses Capital LLC acquired a new stake in shares of Skyline Champion during the third quarter worth approximately $76,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Skyline Champion by 645.5% during the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock worth $81,000 after purchasing an additional 794 shares during the period.

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.