Skyline Co. (NYSEAMERICAN:SKY) VP Sells $137,550.00 in Stock

Skyline Co. (NYSEAMERICAN:SKY) VP Timothy A. Burkhardt sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $27.51, for a total transaction of $137,550.00. Following the completion of the transaction, the vice president now owns 46,359 shares of the company’s stock, valued at $1,275,336.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

SKY stock opened at $27.75 on Thursday. Skyline Co. has a 12 month low of $12.72 and a 12 month high of $31.79.

Skyline (NYSEAMERICAN:SKY) last released its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $327.68 million during the quarter, compared to the consensus estimate of $348.50 million.

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its position in Skyline by 2,307.1% during the first quarter. Marshall Wace LLP now owns 1,133,725 shares of the construction company’s stock valued at $21,540,000 after purchasing an additional 1,086,625 shares during the last quarter. First Trust Advisors LP bought a new stake in Skyline during the fourth quarter valued at approximately $1,249,000. Robotti Robert lifted its position in Skyline by 67.5% during the fourth quarter. Robotti Robert now owns 259,940 shares of the construction company’s stock valued at $3,819,000 after purchasing an additional 104,740 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Skyline by 96.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 786,639 shares of the construction company’s stock valued at $11,555,000 after purchasing an additional 385,314 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Skyline by 117.0% during the fourth quarter. Bank of New York Mellon Corp now owns 142,628 shares of the construction company’s stock valued at $2,096,000 after purchasing an additional 76,886 shares during the last quarter.

A number of equities analysts have recently commented on SKY shares. Royal Bank of Canada set a $37.00 price objective on shares of Toll Brothers and gave the company a “hold” rating in a research report on Thursday, May 23rd. Zacks Investment Research restated a “hold” rating on shares of Western New England Bancorp in a research report on Saturday, June 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Skyline currently has a consensus rating of “Buy” and an average price target of $26.71.

About Skyline

Skyline Corporation designs, produces, and markets manufactured housing, modular housing, and park models to independent dealers and manufactured housing communities in the United States and Canada. The company's manufactured housing models include two to four bedrooms, kitchen, dining area, living room, one or two bathrooms, kitchen appliances, and central heating and cooling products, as well as exterior dormers and windows, interior or exterior accent columns, fireplaces, and whirlpool tubs.

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Insider Buying and Selling by Quarter for Skyline (NYSEAMERICAN:SKY)

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