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

Skyline Champion Co. (NYSE:SKY - Get Free Report) EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares of the company's stock, valued at $4,107,020.31. The trade was a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skyline Champion Trading Down 0.7 %

NYSE:SKY traded down $0.74 on Friday, reaching $107.40. The company's stock had a trading volume of 332,639 shares, compared to its average volume of 621,433. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The company has a quick ratio of 1.64, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 37.82 and a beta of 1.62. The stock has a 50 day moving average price of $94.95 and a 200 day moving average price of $93.62.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 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, equities analysts anticipate that Skyline Champion Co. will post 3.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Skyline Champion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new stake in shares of Skyline Champion in the third quarter valued at $32,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Skyline Champion in the fourth quarter valued at $36,000. Quarry LP acquired a new stake in shares of Skyline Champion in the third quarter valued at $67,000. nVerses Capital LLC acquired a new stake in shares of Skyline Champion in the third quarter valued at $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 valued at $81,000 after buying an additional 794 shares in the last quarter.

Analysts Set New Price Targets

SKY has been the subject of a number of research analyst reports. Craig Hallum increased their target price on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Finally, Barclays lifted their price objective on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.