Skyline Champion Co. (NYSE:SKY) Director Michael B. Berman Sells 3,496 Shares

Skyline Champion Co. (NYSE:SKY) Director Michael B. Berman sold 3,496 shares of Skyline Champion stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $287,860.64. Following the transaction, the director now owns 8,099 shares in the company, valued at approximately $666,871.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Skyline Champion Trading Up 1.8 %

Shares of NYSE SKY traded up $1.49 during trading on Tuesday, reaching $85.59. The stock had a trading volume of 404,919 shares, compared to its average volume of 342,174. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $86.81. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. The business’s 50-day moving average price is $73.27 and its 200-day moving average price is $76.75. The company has a market cap of $4.93 billion, a P/E ratio of 33.70 and a beta of 1.57.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.69 by $0.22. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The firm had revenue of $627.80 million during the quarter, compared to analysts’ expectations of $600.39 million. During the same period in the previous year, the firm posted $0.89 EPS. Skyline Champion’s revenue for the quarter was up 35.1% on a year-over-year basis. On average, equities research analysts predict that Skyline Champion Co. will post 2.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Craig Hallum cut their target price on Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush reaffirmed a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Barclays lifted their price objective on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Royal Bank of Canada lifted their price objective on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Skyline Champion by 0.8% during the 4th quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock worth $597,621,000 after purchasing an additional 62,748 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Skyline Champion by 2.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock worth $179,004,000 after purchasing an additional 53,965 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Skyline Champion by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,310,969 shares of the company’s stock worth $97,356,000 after purchasing an additional 81,823 shares in the last quarter. William Blair Investment Management LLC grew its stake in Skyline Champion by 0.3% during the 2nd quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock worth $81,157,000 after purchasing an additional 3,313 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Skyline Champion by 4.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock worth $57,206,000 after purchasing an additional 35,880 shares in the last quarter.

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.