Skyline Champion Co. (NYSE:SKY) Insider Timothy Mark Larson Sells 3,500 Shares

Skyline Champion Co. (NYSE:SKY) insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $71.98, for a total transaction of $251,930.00. Following the completion of the sale, the insider now directly owns 48,800 shares of the company’s stock, valued at approximately $3,512,624. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Skyline Champion Price Performance

NYSE SKY opened at $72.74 on Wednesday. The stock’s 50-day moving average price is $74.75 and its two-hundred day moving average price is $75.62. The company has a current ratio of 2.36, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.21 billion, a PE ratio of 28.64 and a beta of 1.60. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $86.71.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). Skyline Champion had a return on equity of 13.32% and a net margin of 7.24%. The company had revenue of $536.36 million for the quarter, compared to analyst estimates of $560.90 million. During the same quarter in the previous year, the firm posted $1.00 EPS. Skyline Champion’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Skyline Champion Co. will post 2.76 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SKY shares. Craig Hallum dropped their price target on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Royal Bank of Canada dropped their price target on shares of Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 23rd. Barclays dropped their price target on shares of Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. StockNews.com cut shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Finally, Wedbush reiterated a “neutral” rating and issued a $72.00 price target on shares of Skyline Champion in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Skyline Champion presently has a consensus rating of “Hold” and an average target price of $70.80.

Hedge Funds Weigh In On Skyline Champion

Several institutional investors and hedge funds have recently bought and sold shares of SKY. Headlands Technologies LLC purchased a new position in Skyline Champion during the 1st quarter valued at about $63,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Skyline Champion in the 3rd quarter valued at approximately $94,000. Kessler Investment Group LLC bought a new stake in shares of Skyline Champion in the 4th quarter valued at approximately $123,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Skyline Champion in the 3rd quarter valued at approximately $216,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of Skyline Champion in the 4th quarter valued at approximately $219,000.

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.