Skyline Champion Co. (NYSE:SKY) Insider Sells $456,500.00 in Stock

Skyline Champion Co. (NYSE:SKY) insider Timothy Mark Larson sold 5,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.00, for a total transaction of $456,500.00. Following the completion of the transaction, the insider now owns 43,300 shares in the company, valued at $3,593,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Timothy Mark Larson also recently made the following trade(s):

• On Friday, June 14th, Timothy Mark Larson sold 3,500 shares of Skyline Champion stock. The shares were sold at an average price of $71.98, for a total value of $251,930.00.

Skyline Champion Stock Performance

SKY opened at $89.68 on Friday. The stock has a market cap of $5.18 billion, a PE ratio of 35.31 and a beta of 1.57. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $90.35. The stock’s 50 day simple moving average is $74.42 and its 200-day simple moving average is $77.02. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The company had revenue of $627.80 million for the quarter, compared to the consensus estimate of $600.39 million. During the same period in the previous year, the business earned $0.89 earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Sell-side analysts forecast that Skyline Champion Co. will post 2.97 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Zhang Financial LLC bought a new stake in Skyline Champion during the 1st quarter worth approximately $850,000. Cerity Partners LLC grew its holdings in shares of Skyline Champion by 1,363.7% during the fourth quarter. Cerity Partners LLC now owns 81,293 shares of the company’s stock worth $6,037,000 after purchasing an additional 75,739 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Skyline Champion by 9.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 225,410 shares of the company’s stock valued at $16,739,000 after buying an additional 19,438 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Skyline Champion by 378.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,669 shares of the company’s stock valued at $2,500,000 after buying an additional 26,631 shares during the period. Finally, UBS Group AG boosted its stake in Skyline Champion by 46.0% in the fourth quarter. UBS Group AG now owns 81,214 shares of the company’s stock valued at $6,031,000 after acquiring an additional 25,592 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SKY shares. Barclays raised their target price on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Wedbush restated a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. Finally, Craig Hallum cut their price objective on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $78.75.

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.