Skyline Champion Co. (NYSE:SKY) EVP sells $899,000.00 in stock

Skyline Champion Co. (NYSE:SKY – Get Your Free Report ) EVP Jonathan Wade Lyall sold 10,000 shares of Skyline Champion stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $89.90, for a total transaction of $899,000.00. Following the completion of the sale, the executive vice president now owns 36,082 shares of the company’s stock, valued at $3,243,771.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jonathan Wade Lyall also recently traded:

• On Thursday, August 15th Jonathan Wade Lyall sold 12,448 shares of Skyline Champion stock. The shares were sold at an average price of $87.88, for a total transaction of $1,093,930.24.

Skyline Champion stock down 1.1%

Shares of NYSE:SKY opened at $91.50 on Tuesday. The company has a fifty day moving average of $76.84 and a 200 day moving average of $77.80. The company has a market cap of $5.29 billion, a PE ratio of 36.02 and a beta of 1.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57, and a current ratio of 2.33. Skyline Champion Co. it has a 52-week low of $52.12 and a 52-week high of $93.53.

Skyline Champion (NYSE:SKY – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.22. The company had revenue of $627.80 million during the quarter, compared to the consensus estimate of $600.39 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. In the same period last year, the company earned $0.89 per share. On average, equities analysts predict that Skyline Champion Co. will post 3.01 EPS for the current fiscal year.

Institutional inputs and outputs

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in shares of Skyline Champion by 0.8% during the fourth quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock worth $597,621,000 after buying an additional 62,748 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Skyline Champion by 2.1% in the second quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock worth $179,004,000 after buying an additional 53,965 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Skyline Champion by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,310,969 shares of the company’s stock worth $97,356,000 after buying an additional 81,823 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Skyline Champion by 0.3% during the second quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock worth $81,157,000 after purchasing an additional 3,313 shares during the last quarter. Finally, Vaughan Nelson Investment Management LP raised its stake in shares of Skyline Champion by 4.4% in the second quarter. Vaughan Nelson Investment Management LP now owns 844,367 shares of the company’s stock worth $57,206,000 after purchasing an additional 35,880 shares in the last quarter.

Analysts on Wall Street are forecasting an increase

A number of research firms recently weighed in on SKY. Wedbush reiterated a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Barclays boosted their price objective on shares of Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Craig Hallum reduced their price objective on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada increased their price objective on shares of Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday , August 8. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Skyline Champion presently has an average rating of “Hold” and a consensus price target of $78.75, according to MarketBeat.com.

Get the latest stock report on SKY

About Skyline Champion

(Get a free report)

Skyline Champion Corporation manufactures and sells factory-built homes in North America. The company offers manufactured and modular homes, park model RVs, accessory housing units and modular buildings for the multifamily and hospitality sectors. 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.

Further reading

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