Joseph A. Kimmell Sells 4,335 Shares of Skyline Champion Co. (NYSE:SKY) Stock

Skyline Champion Co. (NYSE:SKY) EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares of the company’s stock, valued at $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Skyline Champion Trading Down 0.7 %

Shares of Skyline Champion stock opened at $104.95 on Thursday. The company has a current ratio of 2.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $94.80 and a 200 day simple moving average of $93.18. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The company 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 announced its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Skyline Champion Co. will post 3.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on SKY. Royal Bank of Canada raised their price objective 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. Craig Hallum lifted their price target 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. Finally, Barclays upped 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 issued a buy rating to the stock. According to MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and an average price target of $90.20.

Hedge Funds Weigh In On Skyline Champion

Several institutional investors have recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in Skyline Champion during the third quarter worth $32,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Skyline Champion during the 4th quarter valued at $36,000. Quarry LP bought a new stake in shares of Skyline Champion during the 3rd quarter worth $67,000. nVerses Capital LLC purchased a new position in shares of Skyline Champion in the 3rd quarter worth about $76,000. Finally, Headlands Technologies LLC bought a new position in Skyline Champion during the fourth quarter valued at about $108,000.

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.