Skyline Co. (NYSEAMERICAN:SKY) has earned an average rating of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $34.20.
A number of analysts have recently issued reports on SKY shares. Royal Bank of Canada started coverage on Skyline in a research report on Tuesday, August 28th. They set an “outperform” rating and a $33.00 price objective on the stock. SunTrust Banks started coverage on Skyline in a research note on Tuesday, September 4th. They issued a “hold” rating and a $30.00 price target on the stock. Jefferies Financial Group started coverage on Skyline in a research note on Friday, September 7th. They issued a “buy” rating and a $36.00 price target on the stock. Finally, Barclays started coverage on Skyline in a research note on Tuesday, October 2nd. They issued an “overweight” rating and a $35.00 price target on the stock.
In related news, insider Bain Capital Credit Member, Ll sold 3,777,089 shares of the company’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $27.93, for a total value of $105,494,095.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark J. Yost sold 35,421 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $29.25, for a total value of $1,036,064.25. Following the completion of the sale, the executive vice president now owns 507,898 shares of the company’s stock, valued at approximately $14,856,016.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,925,566 shares of company stock valued at $344,466,288.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in shares of Skyline in the third quarter worth about $104,000. Strs Ohio increased its holdings in shares of Skyline by 155.0% in the third quarter. Strs Ohio now owns 5,100 shares of the construction company’s stock worth $145,000 after acquiring an additional 3,100 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Skyline in the third quarter worth about $229,000. Commerce Bank bought a new stake in shares of Skyline in the third quarter worth about $236,000. Finally, Rhumbline Advisers bought a new stake in shares of Skyline in the second quarter worth about $289,000.
Skyline stock traded down $0.40 during trading on Friday, reaching $25.20. The stock had a trading volume of 327,633 shares, compared to its average volume of 290,272. Skyline has a 52-week low of $11.30 and a 52-week high of $35.65.
Skyline (NYSEAMERICAN:SKY) last issued its quarterly earnings results on Thursday, August 9th. The construction company reported ($0.02) EPS for the quarter. The business had revenue of $322.26 million during the quarter.
Skyline Company Profile
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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