Second Curve Capital LLC lowered its position in William Lyon Homes (NYSE:WLH) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 650,500 shares of the construction company’s stock after selling 15,000 shares during the quarter. William Lyon Homes accounts for about 7.4% of Second Curve Capital LLC’s holdings, making the stock its 6th largest position. Second Curve Capital LLC owned 2.04% of William Lyon Homes worth $18,916,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of WLH. Steward Partners Investment Advisory LLC bought a new position in William Lyon Homes in the 4th quarter valued at $118,000. SG Americas Securities LLC bought a new position in shares of William Lyon Homes in the 3rd quarter worth $193,000. Municipal Employees Retirement System of Michigan lifted its holdings 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 acquiring an additional 3,330 shares in the last quarter. KBC Group NV acquired a new stake in shares of William Lyon Homes in the third quarter valued at about $214,000. Finally, Aperio Group LLC acquired a new stake in shares of William Lyon Homes in the third quarter valued at about $216,000. 82.11% of the stock is owned by institutional investors and hedge funds.
In other William Lyon Homes news, major shareholder Gmt Capital Corp sold 31,200 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $29.18, for a total value of $910,416.00. Following the completion of the transaction, the insider now directly owns 3,647,217 shares of the company’s stock, valued at approximately $106,425,792.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 183,000 shares of company stock valued at $5,636,173. Insiders own 22.30% of the company’s stock.
Shares of William Lyon Homes stock traded up $0.22 during midday trading on Thursday, reaching $27.52. 26,296 shares of the company traded hands, compared to its average volume of 492,172. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.15 and a current ratio of 11.14. The company has a market cap of $1,036.51, a PE ratio of 22.20 and a beta of 1.64. William Lyon Homes has a twelve month low of $18.85 and a twelve month high of $32.95.
William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.05. William Lyon Homes had a net margin of 2.68% and a return on equity of 10.51%. The firm had revenue of $624.60 million during the quarter, compared to analyst estimates of $616.91 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. equities analysts predict that William Lyon Homes will post 3.05 EPS for the current fiscal year.
A number of brokerages have weighed in on WLH. Zacks Investment Research raised William Lyon Homes from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, February 21st. Wedbush upgraded William Lyon Homes from a “neutral” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday, February 8th. UBS restated a “neutral” rating and set a $33.00 target price (up from $30.00) on shares of William Lyon Homes in a research note on Wednesday, January 17th. Citigroup downgraded shares of William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of William Lyon Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. William Lyon Homes presently has a consensus rating of “Buy” and an average target price of $32.00.
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William Lyon Homes 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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