Skyline Co. (NYSEAMERICAN:SKY) SVP Roger K. Scholten sold 5,329 shares of Skyline stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $22.02, for a total value of $117,344.58. Following the transaction, the senior vice president now owns 186,782 shares in the company, valued at $4,112,939.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of SKY traded down $0.97 during midday trading on Monday, hitting $20.98. The stock had a trading volume of 277,774 shares, compared to its average volume of 635,816. Skyline Co. has a twelve month low of $12.72 and a twelve month high of $35.65.
Several research firms have issued reports on SKY. SunTrust Banks raised Skyline from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, January 31st. Craig Hallum reissued a “buy” rating and issued a $30.00 price target (down previously from $37.00) on shares of Skyline in a research note on Thursday, February 7th. Finally, Zacks Investment Research downgraded Skyline from a “buy” rating to a “hold” rating in a research note on Saturday, February 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.57.
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.
Further Reading: When is a capital gain realized?
Receive News & Ratings for Skyline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyline and related companies with MarketBeat.com's FREE daily email newsletter.