Zelman & Associates Upgrades Lyon William Homes (NYSE:WLH) to Buy

Zelman & Associates upgraded shares of Lyon William Homes (NYSE:WLH) from a hold rating to a buy rating in a report issued on Friday, October 27th, The Fly reports.

Several other equities research analysts also recently issued reports on WLH. Zacks Investment Research downgraded Lyon William Homes from a strong-buy rating to a hold rating in a report on Saturday, August 12th. UBS AG began coverage on Lyon William Homes in a report on Wednesday, October 25th. They set a neutral rating and a $25.00 price objective on the stock. BidaskClub downgraded Lyon William Homes from a hold rating to a sell rating in a report on Friday, July 28th. Finally, Citigroup Inc. restated a buy rating and set a $27.50 price objective (up from $27.00) on shares of Lyon William Homes in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $27.88.

Lyon William Homes (NYSE:WLH) opened at $28.28 on Friday. The company has a market capitalization of $904.04, a P/E ratio of 14.82 and a beta of 1.79. The company has a current ratio of 10.77, a quick ratio of 0.30 and a debt-to-equity ratio of 1.33. Lyon William Homes has a 52-week low of $16.37 and a 52-week high of $29.94.

Lyon William Homes (NYSE:WLH) last posted its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Lyon William Homes had a return on equity of 9.33% and a net margin of 3.61%. The company had revenue of $490.34 million for the quarter, compared to the consensus estimate of $486.57 million. During the same period in the previous year, the business earned $0.34 EPS. Lyon William Homes’s revenue for the quarter was up 43.1% compared to the same quarter last year. analysts predict that Lyon William Homes will post 2.18 earnings per share for the current fiscal year.

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In related news, Director Gary H. Hunt sold 8,500 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $22.87, for a total transaction of $194,395.00. Following the completion of the transaction, the director now directly owns 31,798 shares in the company, valued at approximately $727,220.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $23.81, for a total value of $79,112,677.46. The disclosure for this sale can be found here. Insiders sold a total of 3,372,766 shares of company stock valued at $80,320,032 over the last quarter. Company insiders own 21.33% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in Lyon William Homes by 81.5% during the 3rd quarter. Wells Fargo & Company MN now owns 118,556 shares of the construction company’s stock worth $2,726,000 after acquiring an additional 53,253 shares during the period. Capital Growth Management LP acquired a new position in Lyon William Homes during the 3rd quarter worth $2,529,000. JPMorgan Chase & Co. boosted its position in Lyon William Homes by 124.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 83,095 shares of the construction company’s stock worth $1,882,000 after acquiring an additional 46,103 shares during the period. BBT Capital Management LLC boosted its position in Lyon William Homes by 37.7% during the 3rd quarter. BBT Capital Management LLC now owns 598,549 shares of the construction company’s stock worth $13,761,000 after acquiring an additional 163,888 shares during the period. Finally, Phoenix Investment Adviser LLC acquired a new position in Lyon William Homes during the 3rd quarter worth $552,000. Institutional investors own 99.22% of the company’s stock.

About Lyon William Homes

William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.

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