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 Skyline Champion stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $71.98, for a total value of $251,930.00. Following the transaction, the insider now owns 48,800 shares in the company, valued at approximately $3,512,624. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Skyline Champion Trading Down 0.4 %

NYSE SKY opened at $72.74 on Wednesday. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 28.64 and a beta of 1.60. 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 debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 2.36. Skyline Champion Co. has a 52 week low of $52.12 and a 52 week high of $86.71.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of Skyline Champion during the 1st quarter worth approximately $63,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Skyline Champion during the 3rd quarter worth approximately $94,000. Kessler Investment Group LLC acquired a new position in shares of Skyline Champion during the 4th quarter worth approximately $123,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Skyline Champion during the 3rd quarter worth approximately $216,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Skyline Champion during the 4th quarter worth 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.