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 firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Skyline Champion Trading Down 0.7 %

SKY opened at $107.40 on Friday. 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 stock has a market cap of $6.15 billion, a PE ratio of 37.82 and a beta of 1.62. The company has a fifty day moving average of $94.95 and a 200-day moving average of $93.45. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Skyline Champion Co. will post 3.54 EPS for the current year.

Institutional Investors Weigh In On Skyline Champion

A number of large investors have recently bought and sold shares of the stock. Comerica Bank grew its holdings in Skyline Champion by 2,275.8% in the fourth quarter. Comerica Bank now owns 18,674 shares of the company’s stock worth $1,645,000 after purchasing an additional 17,888 shares during the period. Northern Trust Corp grew its holdings in Skyline Champion by 14.3% in the fourth quarter. Northern Trust Corp now owns 571,915 shares of the company’s stock worth $50,386,000 after purchasing an additional 71,439 shares during the period. Stifel Financial Corp lifted its stake in shares of Skyline Champion by 11.2% in the fourth quarter. Stifel Financial Corp now owns 9,238 shares of the company’s stock valued at $814,000 after buying an additional 933 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in shares of Skyline Champion in the fourth quarter valued at $1,137,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Skyline Champion by 1,252.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,084 shares of the company’s stock valued at $272,000 after buying an additional 2,856 shares in the last quarter.

Wall Street Analyst Weigh In

SKY has been the subject of several analyst reports. Royal Bank of Canada raised 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 note on Thursday, February 6th. Craig Hallum increased their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays increased their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.