Skyline Champion Co. (NYSE:SKY) VP Timothy A. Burkhardt Sells 3,823 Shares of Stock

Skyline Champion Co. (NYSE:SKY) VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Skyline Champion Stock Down 0.7 %

SKY stock opened at $104.95 on Thursday. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 36.95 and a beta of 1.62. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The firm has a fifty day moving average price of $94.80 and a two-hundred day moving average price of $93.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.64.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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%. Research analysts predict that Skyline Champion Co. will post 3.54 EPS for the current year.

Institutional Trading of Skyline Champion

Several hedge funds have recently made changes to their positions in SKY. Truvestments Capital LLC bought a new position in Skyline Champion during the 3rd quarter worth $32,000. Harvest Fund Management Co. Ltd bought a new position in shares of Skyline Champion during the fourth quarter worth about $36,000. Quarry LP acquired a new stake in shares of Skyline Champion in the 3rd quarter worth about $67,000. nVerses Capital LLC bought a new stake in Skyline Champion in the 3rd quarter valued at about $76,000. Finally, Headlands Technologies LLC acquired a new position in Skyline Champion during the 4th quarter valued at about $108,000.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SKY. Royal Bank of Canada upped their target price on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Craig Hallum upped their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays raised their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.