Jonathan Wade Lyall Sells 10,000 Shares of Skyline Champion Co. (NYSE:SKY) Stock

Skyline Champion Co. (NYSE:SKY) EVP Jonathan Wade Lyall sold 10,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $89.90, for a total value of $899,000.00. Following the sale, the executive vice president now directly owns 36,082 shares in the company, valued at approximately $3,243,771.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan Wade Lyall also recently made the following trade(s):

• 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 value of $1,093,930.24.

Skyline Champion Stock Down 0.6 %

NYSE:SKY traded down $0.55 during trading hours on Monday, hitting $91.96. 114,190 shares of the company’s stock traded hands, compared to its average volume of 347,642. The firm has a market cap of $5.32 billion, a P/E ratio of 36.33 and a beta of 1.57. Skyline Champion Co. has a twelve month low of $52.12 and a twelve month high of $93.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. The stock’s fifty day moving average price is $76.84 and its two-hundred day moving average price is $77.80.

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

Institutional Trading of Skyline Champion

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Skyline Champion by 0.8% during the 4th quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock worth $597,621,000 after acquiring an additional 62,748 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Skyline Champion by 2.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock valued at $179,004,000 after purchasing an additional 53,965 shares during the period. Dimensional Fund Advisors LP boosted its stake in Skyline Champion by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,310,969 shares of the company’s stock valued at $97,356,000 after purchasing an additional 81,823 shares during the period. William Blair Investment Management LLC boosted its stake in Skyline Champion by 0.3% during the 2nd quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock valued at $81,157,000 after purchasing an additional 3,313 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Skyline Champion by 4.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock valued at $57,206,000 after purchasing an additional 35,880 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays raised 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 upgraded Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Craig Hallum reduced their price objective on Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Royal Bank of Canada boosted their price objective on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Finally, Wedbush restated a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $78.75.

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.