Skyline Co. (NYSEAMERICAN:SKY) Director Richard W. Florea sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $24.34, for a total transaction of $243,400.00. Following the sale, the director now directly owns 128,748 shares of the company’s stock, valued at approximately $3,133,726.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSEAMERICAN:SKY opened at $23.39 on Friday. Skyline Co. has a 12-month low of $12.72 and a 12-month high of $35.65.

Skyline (NYSEAMERICAN:SKY) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The company had revenue of $327.68 million for the quarter, compared to the consensus estimate of $348.50 million.

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Skyline by 0.4% in the 1st quarter. Wellington Management Group LLP now owns 7,928,629 shares of the construction company’s stock worth $150,644,000 after purchasing an additional 33,924 shares during the period. BlackRock Inc. boosted its stake in Skyline by 30.1% in the 1st quarter. BlackRock Inc. now owns 3,142,719 shares of the construction company’s stock worth $59,711,000 after purchasing an additional 727,027 shares during the period. FMR LLC boosted its stake in Skyline by 4.7% in the 1st quarter. FMR LLC now owns 2,323,264 shares of the construction company’s stock worth $44,142,000 after purchasing an additional 105,135 shares during the period. Wells Fargo & Company MN boosted its stake in Skyline by 13.3% in the 1st quarter. Wells Fargo & Company MN now owns 2,147,560 shares of the construction company’s stock worth $40,804,000 after purchasing an additional 251,632 shares during the period. Finally, Marshall Wace LLP boosted its stake in Skyline by 2,307.1% in the 1st quarter. Marshall Wace LLP now owns 1,133,725 shares of the construction company’s stock worth $21,540,000 after purchasing an additional 1,086,625 shares during the period.

A number of brokerages recently issued reports on SKY. Zacks Investment Research downgraded Skyline from a “buy” rating to a “hold” rating in a research note on Saturday, February 16th. Craig Hallum reiterated a “buy” rating and set a $30.00 price objective (down from $37.00) on shares of Skyline in a research note on Thursday, February 7th. Finally, Royal Bank of Canada set a $28.00 price objective on Skyline and gave the company a “buy” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $26.71.

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Skyline Company Profile

Skyline Corporation designs, produces, and markets manufactured housing, modular housing, and park models to independent dealers and manufactured housing communities in the United States and Canada. The company's manufactured housing models include two to four bedrooms, kitchen, dining area, living room, one or two bathrooms, kitchen appliances, and central heating and cooling products, as well as exterior dormers and windows, interior or exterior accent columns, fireplaces, and whirlpool tubs.

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