Skyline Champion Co. (NYSE:SKY) VP Sells $408,564.01 in Stock

Skyline Champion Co. (NYSE:SKY) VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Skyline Champion Trading Up 3.0 %

Shares of NYSE SKY opened at $108.15 on Friday. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company 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 quick ratio of 1.64, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $94.89 and a 200-day simple moving average of $93.28.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Sell-side analysts predict that Skyline Champion Co. will post 3.54 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock valued at $523,578,000 after buying an additional 876,712 shares during the period. State Street Corp raised its position in Skyline Champion by 4.6% during the third quarter. State Street Corp now owns 1,790,962 shares of the company’s stock valued at $169,873,000 after buying an additional 78,733 shares during the period. FMR LLC raised its position in Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company’s stock valued at $141,507,000 after buying an additional 363,885 shares during the period. American Century Companies Inc. raised its position in Skyline Champion by 2.9% during the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company’s stock valued at $124,377,000 after buying an additional 39,262 shares during the period. Finally, Alliancebernstein L.P. raised its position in Skyline Champion by 4.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company’s stock valued at $90,496,000 after buying an additional 41,916 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SKY. Royal Bank of Canada upped their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Barclays upped their target price on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Craig Hallum upped their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Skyline Champion currently has a consensus rating of “Hold” and an average target price of $90.20.

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.