Skyline Champion Co. (NYSE:SKY) EVP Sells $704,145.04 in Stock

Skyline Champion Co. (NYSE:SKY) EVP Joseph A. Kimmell sold 10,042 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $70.12, for a total value of $704,145.04. Following the completion of the transaction, the executive vice president now owns 47,262 shares in the company, valued at approximately $3,314,011.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Skyline Champion Stock Performance

Shares of SKY stock opened at $69.01 on Thursday. The business’s 50-day moving average price is $76.88 and its 200-day moving average price is $74.89. Skyline Champion Co. has a 12 month low of $52.12 and a 12 month high of $86.71. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 27.17 and a beta of 1.60. The company has a current ratio of 2.36, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Skyline Champion had a net margin of 7.24% and a return on equity of 13.32%. The firm had revenue of $536.36 million for the quarter, compared to analyst estimates of $560.90 million. During the same period in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Skyline Champion Co. will post 2.76 EPS for the current year.

Institutional Trading of Skyline Champion

A number of hedge funds have recently made changes to their positions in the company. Castleark Management LLC acquired a new stake in shares of Skyline Champion during the first quarter valued at about $6,366,000. Janus Henderson Group PLC raised its position in shares of Skyline Champion by 35.4% during the first quarter. Janus Henderson Group PLC now owns 42,484 shares of the company’s stock worth $3,614,000 after acquiring an additional 11,096 shares during the last quarter. Robotti Robert raised its position in shares of Skyline Champion by 0.6% during the first quarter. Robotti Robert now owns 130,889 shares of the company’s stock worth $11,127,000 after acquiring an additional 765 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Skyline Champion by 122.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company’s stock worth $1,029,000 after acquiring an additional 6,639 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in shares of Skyline Champion by 1.0% during the first quarter. Burgundy Asset Management Ltd. now owns 743,993 shares of the company’s stock worth $63,247,000 after acquiring an additional 7,516 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SKY shares. Craig Hallum decreased their price target on Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Wedbush reaffirmed a “neutral” rating and issued a $72.00 price objective on shares of Skyline Champion in a research note on Wednesday, May 22nd. Barclays reduced their price objective on Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 29th. Royal Bank of Canada reduced their price objective on Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 23rd. Finally, StockNews.com lowered Skyline Champion from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.80.

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.