Skyline Co. (NYSEAMERICAN:SKY) Director Keith A. Anderson sold 30,300 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $27.01, for a total transaction of $818,403.00. Following the transaction, the director now directly owns 931,886 shares of the company’s stock, valued at approximately $25,170,240.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
NYSEAMERICAN SKY traded up $0.55 during trading on Friday, reaching $27.74. 483,286 shares of the company’s stock were exchanged, compared to its average volume of 629,008. Skyline Co. has a fifty-two week low of $12.72 and a fifty-two week high of $32.99.
Skyline (NYSEAMERICAN:SKY) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The company had revenue of $327.68 million during the quarter, compared to the consensus estimate of $348.50 million.
A number of equities analysts have weighed in on the company. Zacks Investment Research restated a “hold” rating on shares of Western New England Bancorp in a report on Saturday, June 29th. Royal Bank of Canada set a $37.00 target price on Toll Brothers and gave the company a “hold” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Skyline has a consensus rating of “Buy” and an average target price of $26.71.
Several large investors have recently made changes to their positions in SKY. FMR LLC grew its holdings in shares of Skyline by 110.8% during the 4th quarter. FMR LLC now owns 2,218,129 shares of the construction company’s stock worth $32,584,000 after purchasing an additional 1,165,832 shares in the last quarter. Marshall Wace LLP raised its position in Skyline by 2,307.1% in the 1st 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. BlackRock Inc. raised its position in Skyline by 54.6% in the 4th quarter. BlackRock Inc. now owns 2,415,692 shares of the construction company’s stock valued at $35,486,000 after purchasing an additional 852,796 shares during the last quarter. Kennedy Capital Management Inc. bought a new position in Skyline in the 1st quarter valued at $11,316,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Skyline during the first quarter worth $10,749,000.
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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