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

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 value of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Skyline Champion Price Performance

Shares of Skyline Champion stock traded down $0.72 during trading hours on Wednesday, reaching $104.95. The company’s stock had a trading volume of 457,006 shares, 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 one year low of $64.82 and a one year high of $116.49. The firm has a 50 day moving average price of $94.78 and a 200-day moving average price of $93.09. The stock has a market cap of $6.01 billion, a P/E ratio of 36.95 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) 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%. On average, analysts predict that Skyline Champion Co. will post 3.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank of Canada upped their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Barclays boosted their target price 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. Finally, 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 report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $90.20.

Institutional Trading of Skyline Champion

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