Skyline Co. (NYSEAMERICAN:SKY) Director Sells $3,180,139.60 in Stock

Skyline Co. (NYSEAMERICAN:SKY) Director Keith A. Anderson sold 119,960 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $26.51, for a total transaction of $3,180,139.60. Following the transaction, the director now owns 994,412 shares of the company’s stock, valued at $26,361,862.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSEAMERICAN:SKY opened at $27.19 on Friday. Skyline Co. has a 52-week low of $12.72 and a 52-week high of $32.99.

Skyline (NYSEAMERICAN:SKY) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping 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 brokerages have commented on SKY. 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $26.71.

Several large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Skyline by 39.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 1,872 shares of the construction company’s stock worth $36,000 after buying an additional 532 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Skyline by 5.1% during the fourth quarter. Citigroup Inc. now owns 11,035 shares of the construction company’s stock worth $161,000 after buying an additional 538 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Skyline by 19.4% during the fourth quarter. Legal & General Group Plc now owns 5,144 shares of the construction company’s stock worth $75,000 after buying an additional 837 shares in the last quarter. Strs Ohio increased its holdings in shares of Skyline by 14.1% during the first quarter. Strs Ohio now owns 8,900 shares of the construction company’s stock worth $169,000 after buying an additional 1,100 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Skyline by 40.7% during the first quarter. Victory Capital Management Inc. now owns 4,307 shares of the construction company’s stock worth $82,000 after buying an additional 1,246 shares in 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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Insider Buying and Selling by Quarter for Skyline (NYSEAMERICAN:SKY)

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