Skyline Champion Co. (NYSE:SKY) EVP Joseph A. Kimmell Sells 2,964 Shares

Skyline Champion Co. (NYSE:SKY) EVP Joseph A. Kimmell sold 2,964 shares of Skyline Champion stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $88.60, for a total value of $262,610.40. Following the completion of the sale, the executive vice president now owns 47,262 shares in the company, valued at $4,187,413.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Skyline Champion Stock Performance

Skyline Champion stock opened at $92.51 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $92.74. The stock has a fifty day moving average of $76.43 and a two-hundred day moving average of $77.67. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 36.42 and a beta of 1.57.

Skyline Champion (NYSE:SKY) last announced its earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.22. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The firm had revenue of $627.80 million during the quarter, compared to the consensus estimate of $600.39 million. During the same quarter in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. On average, analysts anticipate that Skyline Champion Co. will post 3.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SKY has been the topic of several recent analyst reports. Barclays upped their target price on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Wedbush reissued a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Craig Hallum cut their target price 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 stock. Based on data from MarketBeat, Skyline Champion currently has an average rating of “Hold” and an average target price of $78.75.

Hedge Funds Weigh In On Skyline Champion

Institutional investors and hedge funds have recently modified their holdings of the company. Aristides Capital LLC acquired a new position in Skyline Champion in the 2nd quarter valued at $339,000. Algert Global LLC purchased a new stake in shares of Skyline Champion in the second quarter valued at $374,000. Scientech Research LLC acquired a new position in Skyline Champion in the second quarter valued at $539,000. The Manufacturers Life Insurance Company lifted its position in Skyline Champion by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 32,642 shares of the company’s stock worth $2,211,000 after buying an additional 1,064 shares during the period. Finally, Millennium Management LLC boosted its stake in Skyline Champion by 75.8% in the 2nd quarter. Millennium Management LLC now owns 78,370 shares of the company’s stock worth $5,310,000 after buying an additional 33,794 shares during the last quarter.

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.