Laurie M. Hough Sells 20,000 Shares of Skyline Co. (NYSEAMERICAN:SKY) Stock

Skyline Co. (NYSEAMERICAN:SKY) CFO Laurie M. Hough sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $29.03, for a total value of $580,600.00. Following the transaction, the chief financial officer now owns 224,052 shares in the company, valued at approximately $6,504,229.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SKY stock traded up $1.83 during midday trading on Tuesday, hitting $29.13. 1,001,400 shares of the company traded hands, compared to its average volume of 610,628. Skyline Co. has a twelve month low of $12.72 and a twelve month high of $31.19.

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

Several equities analysts have commented on the company. Royal Bank of Canada set a $37.00 price target on Toll Brothers and gave the company a “hold” rating in a report on Thursday, May 23rd. Zacks Investment Research downgraded Phoenix New Media from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.71.

A number of hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Skyline by 81.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,412 shares of the construction company’s stock valued at $93,000 after purchasing an additional 1,534 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Skyline in the second quarter worth $209,000. Peregrine Capital Management LLC acquired a new stake in shares of Skyline in the second quarter worth $24,364,000. Fox Run Management L.L.C. acquired a new stake in shares of Skyline in the second quarter worth $316,000. Finally, Mesirow Financial Investment Management Inc. grew its stake in shares of Skyline by 12.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 24,009 shares of the construction company’s stock worth $642,000 after acquiring an additional 2,580 shares during the last quarter.

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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