Skyline Champion Co. (NYSE:SKY) VP Timothy A. Burkhardt Sells 4,113 Shares of Stock

Skyline Champion Co. (NYSE:SKY) VP Timothy A. Burkhardt sold 4,113 shares of Skyline Champion stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $71.04, for a total transaction of $292,187.52. Following the completion of the transaction, the vice president now directly owns 34,855 shares in the company, valued at approximately $2,476,099.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Skyline Champion Price Performance

Shares of SKY opened at $68.37 on Tuesday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 11.71 and a beta of 1.71. Skyline Champion Co. has a 1-year low of $44.68 and a 1-year high of $76.82. The company’s fifty day simple moving average is $68.16 and its 200 day simple moving average is $67.89. The company has a current ratio of 4.39, a quick ratio of 3.59 and a debt-to-equity ratio of 0.01.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, August 1st. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. The business had revenue of $464.77 million for the quarter, compared to the consensus estimate of $463.48 million. Skyline Champion had a net margin of 14.32% and a return on equity of 28.09%. The firm’s revenue for the quarter was down 36.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 earnings per share. On average, research analysts forecast that Skyline Champion Co. will post 3.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyline Champion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC bought a new position in Skyline Champion during the first quarter worth $28,000. West Tower Group LLC bought a new position in Skyline Champion during the second quarter worth $57,000. Federated Hermes Inc. boosted its position in Skyline Champion by 1,610.0% during the first quarter. Federated Hermes Inc. now owns 1,026 shares of the company’s stock worth $77,000 after purchasing an additional 966 shares during the period. US Bancorp DE boosted its position in Skyline Champion by 805.5% during the first quarter. US Bancorp DE now owns 1,150 shares of the company’s stock worth $87,000 after purchasing an additional 1,023 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Skyline Champion by 99.8% during the first quarter. Nisa Investment Advisors LLC now owns 1,291 shares of the company’s stock worth $97,000 after purchasing an additional 645 shares during the period.

Wall Street Analysts Forecast Growth

SKY has been the topic of a number of research reports. Wedbush reaffirmed an “outperform” rating and issued a $78.00 price target on shares of Skyline Champion in a research note on Tuesday, August 15th. StockNews.com initiated coverage on shares of Skyline Champion in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Craig Hallum lifted their price objective on shares of Skyline Champion from $75.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $62.00 to $68.00 and gave the company a “sector perform” rating in a report on Wednesday, September 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Skyline Champion from $61.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Skyline Champion has a consensus rating of “Hold” and a consensus target price of $69.80.

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.