Skyline Co. (NYSEAMERICAN:SKY) insider Mark J. Yost sold 28,500 shares of Skyline stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $23.89, for a total transaction of $680,865.00. Following the transaction, the insider now directly owns 527,273 shares in the company, valued at $12,596,551.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSEAMERICAN:SKY traded up $0.65 during midday trading on Friday, reaching $25.60. 831,100 shares of the company were exchanged, compared to its average volume of 651,307. Skyline Co. has a fifty-two week low of $12.72 and a fifty-two week high of $35.65.

Skyline (NYSEAMERICAN:SKY) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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 large investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised 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 acquiring an additional 532 shares during the period. Citigroup Inc. raised 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 acquiring an additional 538 shares during the period. Legal & General Group Plc raised 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 acquiring an additional 837 shares during the period. Strs Ohio raised 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 acquiring an additional 1,100 shares during the period. Finally, Victory Capital Management Inc. raised 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 acquiring an additional 1,246 shares during the period.

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada set a $28.00 price target on shares of Skyline and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Skyline from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Craig Hallum reissued a “buy” rating and set a $30.00 price target (down from $37.00) on shares of Skyline in a research report on Thursday, February 7th. Finally, SunTrust Banks raised shares of Skyline from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, January 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.71.

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

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