Skyline Champion Co. (NYSE:SKY) VP Sells $408,564.01 in Stock

Skyline Champion Co. (NYSE:SKY) VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Skyline Champion Price Performance

Shares of NYSE:SKY opened at $104.95 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.59. The company has a market capitalization of $6.01 billion, a PE ratio of 36.95 and a beta of 1.62. The stock has a fifty day moving average of $94.80 and a 200-day moving average of $93.18. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results 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 return on equity of 13.80% and a net margin of 6.80%. As a group, equities analysts anticipate that Skyline Champion Co. will post 3.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their price target on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Finally, Craig Hallum boosted their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $90.20.

Hedge Funds Weigh In On Skyline Champion

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

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.