Insider Selling: Skyline Champion Co. (NYSE:SKY) EVP Sells 4,335 Shares of 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 directly owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Skyline Champion Stock Performance

SKY traded down $0.72 on Wednesday, reaching $104.95. 457,006 shares of the stock were exchanged, compared to its average volume of 697,172. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.64. The company’s 50-day moving average price is $94.78 and its 200 day moving average price is $93.09. The firm has a market capitalization of $6.01 billion, a PE ratio of 36.95 and a beta of 1.62. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. As a group, sell-side analysts forecast that Skyline Champion Co. will post 3.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings 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 last quarter. State Street Corp boosted its stake in shares of 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 buying an additional 78,733 shares during the last quarter. FMR LLC grew its holdings in Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company’s stock worth $141,507,000 after acquiring 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 acquiring an additional 39,262 shares in the last quarter. 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 acquiring an additional 41,916 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Craig Hallum increased their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Finally, Barclays boosted their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.