Skyline Champion Co. (NYSE:SKY) Director Sells $83,180.00 in Stock

Skyline Champion Co. (NYSE:SKY) Director Erin Mulligan Nelson sold 1,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following the completion of the sale, the director now directly owns 5,170 shares in the company, valued at approximately $430,040.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Skyline Champion Trading Up 3.7 %

Shares of NYSE SKY opened at $89.68 on Friday. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 35.31 and a beta of 1.57. The business has a 50 day simple moving average of $74.42 and a 200 day simple moving average of $77.02. 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 52 week low of $52.12 and a 52 week high of $90.35.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results 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. The business had revenue of $627.80 million for the quarter, compared to the consensus estimate of $600.39 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. Skyline Champion’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. On average, research analysts predict that Skyline Champion Co. will post 2.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Skyline Champion

A number of institutional investors and hedge funds have recently made changes to their positions in SKY. Headlands Technologies LLC acquired a new stake in Skyline Champion in the 1st quarter worth approximately $63,000. Kessler Investment Group LLC acquired a new stake in shares of Skyline Champion in the fourth quarter worth $123,000. Blue Trust Inc. boosted its holdings in shares of Skyline Champion by 77,800.0% during the 2nd quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after buying an additional 3,112 shares during the period. Cannon Global Investment Management LLC acquired a new position in Skyline Champion in the 2nd quarter valued at $217,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in Skyline Champion in the 4th quarter valued at $219,000.

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.