Skyline Co. (SKY) Insider Mark J. Yost Sells 28,500 Shares
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.
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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