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

Skyline Champion Co. (NYSE:SKY) VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the sale, the vice president now 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 sale was disclosed in a document filed with the SEC, which is available through this link.

Skyline Champion Stock Performance

SKY traded down $0.72 during trading on Wednesday, reaching $104.95. 457,006 shares of the company’s stock were exchanged, compared to its average volume of 697,172. 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 Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The company’s fifty day simple moving average is $94.78 and its 200-day simple moving average is $93.09. The stock has a market capitalization of $6.01 billion, a P/E ratio of 36.95 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. As a group, research analysts predict that Skyline Champion Co. will post 3.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in Skyline Champion in the 3rd quarter worth approximately $32,000. Harvest Fund Management Co. Ltd purchased a new stake in Skyline Champion during the fourth quarter worth $36,000. Quarry LP acquired a new stake in Skyline Champion during the third quarter valued at $67,000. nVerses Capital LLC acquired a new stake in Skyline Champion during the third quarter valued at $76,000. Finally, Headlands Technologies LLC acquired a new position in shares of Skyline Champion in the fourth quarter worth about $108,000.

Wall Street Analyst Weigh In

SKY has been the subject of several research analyst reports. Craig Hallum increased their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Finally, Barclays boosted their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the company 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 issued a buy rating to the company’s stock. According to MarketBeat, Skyline Champion currently has a consensus rating of “Hold” and a consensus target price 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.