Laurie M. Hough Sells 5,354 Shares of Skyline Champion Co. (NYSE:SKY) Stock

Skyline Champion Co. (NYSE:SKY) CFO Laurie M. Hough sold 5,354 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $88.64, for a total value of $474,578.56. Following the completion of the sale, the chief financial officer now owns 105,153 shares of the company’s stock, valued at approximately $9,320,761.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Skyline Champion Stock Down 1.6 %

NYSE:SKY opened at $88.36 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.33 and a quick ratio of 1.57. The firm’s 50-day moving average price is $76.43 and its 200-day moving average price is $77.67. The company has a market capitalization of $5.11 billion, a PE ratio of 34.79 and a beta of 1.57. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $91.02.

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

Wall Street Analyst Weigh In

SKY has been the subject of a number of recent analyst reports. Barclays upped their target price on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada lifted their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, Craig Hallum cut their price objective on Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $78.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKY. Mackenzie Financial Corp bought a new stake in Skyline Champion in the fourth quarter worth $246,000. Meritage Portfolio Management increased its holdings in shares of Skyline Champion by 5.4% during the fourth quarter. Meritage Portfolio Management now owns 5,223 shares of the company’s stock valued at $388,000 after acquiring an additional 269 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Skyline Champion by 18.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 41,897 shares of the company’s stock worth $3,111,000 after purchasing an additional 6,400 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Skyline Champion by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 10,909 shares of the company’s stock worth $810,000 after purchasing an additional 150 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Skyline Champion by 38.2% during the 4th quarter. Van ECK Associates Corp now owns 16,634 shares of the company’s stock valued at $1,235,000 after purchasing an additional 4,600 shares during the last quarter.

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.