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

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

Skyline Champion Price Performance

SKY stock opened at $104.95 on Thursday. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 36.95 and a beta of 1.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.64. The company has a 50 day simple moving average of $94.80 and a 200 day simple moving average of $93.18. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49.

Skyline Champion (NYSE:SKY) last announced its quarterly 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%. Research analysts anticipate that Skyline Champion Co. will post 3.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on SKY. Royal Bank of Canada increased their price objective on shares of 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 increased 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 report on Thursday, February 6th. Finally, Craig Hallum upped their target price 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.20.

Hedge Funds Weigh In On Skyline Champion

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