UBS AG Begins Coverage on Lyon William Homes (NYSE:WLH)

Analysts at UBS AG began coverage on shares of Lyon William Homes (NYSE:WLH) in a research note issued on Wednesday, October 25th, 99wallstreet.com reports. The firm set a “neutral” rating and a $25.00 price target on the construction company’s stock. UBS AG’s target price suggests a potential downside of 11.60% from the stock’s current price.

Several other equities analysts have also issued reports on WLH. Zacks Investment Research lowered Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 12th. BidaskClub lowered Lyon William Homes from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $27.50 target price (up previously from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.88.

Shares of Lyon William Homes (NYSE:WLH) traded down $0.01 during trading on Wednesday, hitting $28.28. The stock had a trading volume of 311,600 shares, compared to its average volume of 323,646. The stock has a market capitalization of $904.04, a price-to-earnings ratio of 14.82 and a beta of 1.79. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.30 and a current ratio of 10.77. Lyon William Homes has a 1 year low of $16.37 and a 1 year high of $29.94.

Lyon William Homes (NYSE:WLH) last posted its earnings results on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $486.57 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 43.1% compared to the same quarter last year. research analysts forecast that Lyon William Homes will post 2.18 earnings per share for the current year.

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In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 41,600 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $24.35, for a total value of $1,012,960.00. Following the completion of the transaction, the insider now directly owns 3,751,217 shares of the company’s stock, valued at $91,342,133.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were 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 have sold 3,372,766 shares of company stock valued at $80,320,032 in the last ninety days. Corporate insiders own 21.33% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in Lyon William Homes by 81.5% in the third quarter. Wells Fargo & Company MN now owns 118,556 shares of the construction company’s stock valued at $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 in the third quarter valued at approximately $2,529,000. JPMorgan Chase & Co. lifted its holdings in Lyon William Homes by 124.6% in the third quarter. JPMorgan Chase & Co. now owns 83,095 shares of the construction company’s stock valued at $1,882,000 after acquiring an additional 46,103 shares during the period. BBT Capital Management LLC lifted its holdings in Lyon William Homes by 37.7% in the third quarter. BBT Capital Management LLC now owns 598,549 shares of the construction company’s stock valued at $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 in the third quarter valued at approximately $552,000. 99.22% of the stock is owned by institutional investors.

Lyon William Homes Company Profile

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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