William Lyon Homes (NYSE:WLH) posted its quarterly earnings results on Tuesday. The construction company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.05, Morningstar.com reports. William Lyon Homes had a net margin of 3.61% and a return on equity of 9.33%. The business had revenue of $624.60 million for the quarter, compared to the consensus estimate of $616.91 million. During the same period in the prior year, the business posted $0.60 earnings per share. William Lyon Homes’s revenue for the quarter was up 32.0% compared to the same quarter last year.
William Lyon Homes (WLH) opened at $26.03 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 10.77 and a debt-to-equity ratio of 1.33. The firm has a market cap of $818.73, a price-to-earnings ratio of 13.47 and a beta of 1.64. William Lyon Homes has a one year low of $17.53 and a one year high of $32.95.
In other William Lyon Homes news, major shareholder Gmt Capital Corp sold 41,600 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $32.13, for a total transaction of $1,336,608.00. Following the transaction, the insider now directly owns 3,529,717 shares of the company’s stock, valued at $113,409,807.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colin T. Severn sold 7,500 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $29.26, for a total transaction of $219,450.00. The disclosure for this sale can be found here. Insiders have sold 260,700 shares of company stock worth $7,878,822 over the last three months. Company insiders own 22.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC acquired a new position in William Lyon Homes during the fourth quarter worth $118,000. SG Americas Securities LLC acquired a new position in William Lyon Homes during the third quarter worth $193,000. Municipal Employees Retirement System of Michigan increased its position in William Lyon Homes by 60.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,860 shares of the construction company’s stock worth $204,000 after buying an additional 3,330 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in William Lyon Homes during the second quarter worth $210,000. Finally, KBC Group NV acquired a new position in William Lyon Homes during the third quarter worth $214,000. 98.09% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and issued a $31.00 price target (up from $27.00) on shares of William Lyon Homes in a research note on Friday, December 29th. UBS Group reaffirmed a “neutral” rating and issued a $33.00 price target (up from $30.00) on shares of William Lyon Homes in a research note on Wednesday, January 17th. Zelman & Associates raised shares of William Lyon Homes from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Citigroup downgraded shares of William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research note on Thursday, January 4th. Finally, ValuEngine raised shares of William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.50.
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About William Lyon 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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