Royal Bank of Canada decreased its holdings in shares of Lyon William Homes (NYSE:WLH) by 8.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 39,029 shares of the construction company’s stock after selling 3,771 shares during the period. Royal Bank of Canada owned 0.12% of Lyon William Homes worth $943,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in shares of Lyon William Homes by 79.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock valued at $103,000 after purchasing an additional 2,226 shares during the period. State of Alaska Department of Revenue lifted its position in Lyon William Homes by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock worth $112,000 after acquiring an additional 2,063 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Lyon William Homes in the second quarter worth $122,000. Municipal Employees Retirement System of Michigan bought a new stake in Lyon William Homes during the 2nd quarter valued at approximately $133,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Lyon William Homes by 61.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock valued at $164,000 after purchasing an additional 2,603 shares in the last quarter. 98.01% of the stock is currently owned by institutional investors.
In related news, Director Gary H. Hunt sold 8,500 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $22.87, for a total value of $194,395.00. Following the completion of the sale, the director now directly owns 31,798 shares of the company’s stock, valued at approximately $727,220.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew R. Zaist sold 25,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $28.83, for a total value of $720,750.00. Following the transaction, the chief executive officer now directly owns 205,377 shares in the company, valued at approximately $5,921,018.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,397,766 shares of company stock valued at $81,040,782. Insiders own 22.30% of the company’s stock.
A number of analysts recently issued reports on WLH shares. Zelman & Associates raised Lyon William Homes from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Wedbush reissued a “neutral” rating and set a $27.00 price objective (up previously from $22.00) on shares of Lyon William Homes in a research report on Wednesday, November 1st. UBS AG lifted their price objective on shares of Lyon William Homes from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. BidaskClub cut shares of Lyon William Homes from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research raised shares of Lyon William Homes from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Friday, August 11th. One equities research 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. The company has an average rating of “Hold” and a consensus price target of $27.88.
Shares of Lyon William Homes (NYSE:WLH) traded up $0.30 on Tuesday, hitting $30.01. 438,091 shares of the stock were exchanged, compared to its average volume of 323,401. The stock has a market capitalization of $939.68, a price-to-earnings ratio of 15.23 and a beta of 2.14. 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 twelve month low of $16.37 and a twelve month high of $30.31.
Lyon William Homes (NYSE:WLH) last posted its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.71 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 during the quarter, compared to analysts’ expectations of $486.57 million. During the same quarter in the previous year, the business earned $0.34 EPS. The firm’s revenue was up 43.1% on a year-over-year basis. analysts expect that Lyon William Homes will post 2.18 earnings per share for the current fiscal year.
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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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