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 stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $108.15 on Friday. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. 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 company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 38.08 and a beta of 1.62. The business has a 50 day simple moving average of $94.89 and a 200-day simple moving average of $93.28.

Skyline Champion (NYSE:SKY) last issued 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 research analysts expect that Skyline Champion Co. will post 3.54 earnings per share for the current year.

Institutional Investors Weigh In On Skyline Champion

A number of institutional investors have recently made changes to their positions in SKY. Truvestments Capital LLC bought a new position in Skyline Champion during the 3rd quarter worth $32,000. Harvest Fund Management Co. Ltd bought a new position in shares of Skyline Champion in the fourth quarter worth $36,000. Quarry LP bought a new position in shares of Skyline Champion in the third quarter worth $67,000. nVerses Capital LLC bought a new position in shares of Skyline Champion in the third quarter worth $76,000. Finally, Sterling Capital Management LLC grew its stake in shares of Skyline Champion by 645.5% in the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock worth $81,000 after purchasing an additional 794 shares in the last quarter.

Analyst Upgrades and Downgrades

SKY has been the topic of a number of recent analyst reports. Barclays upped their target price on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada upped their target price on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” 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 company a “buy” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyline Champion has an average rating of “Hold” and a consensus price target of $90.20.

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.