William Lyon Homes (NYSE:WLH) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $32.50.
WLH has been the topic of a number of research reports. UBS restated a “neutral” rating and set a $33.00 price target (up previously from $30.00) on shares of William Lyon Homes in a research note on Wednesday, January 17th. Wedbush upgraded William Lyon Homes from a “neutral” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Thursday, February 8th. Zacks Investment Research upgraded William Lyon Homes from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, February 21st. Finally, ValuEngine upgraded William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 3rd.
William Lyon Homes traded down $0.06, reaching $24.98, during mid-day trading on Friday, MarketBeat Ratings reports. 1,530 shares of the stock were exchanged, compared to its average volume of 426,619. The company has a market capitalization of $1.06 billion, a PE ratio of 11.33 and a beta of 1.53. The company has a quick ratio of 0.14, a current ratio of 5.10 and a debt-to-equity ratio of 1.53. William Lyon Homes has a 1 year low of $24.90 and a 1 year high of $25.26.
William Lyon Homes (NYSE:WLH) last released its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The firm had revenue of $373.36 million for the quarter, compared to the consensus estimate of $328.28 million. William Lyon Homes had a return on equity of 10.99% and a net margin of 3.48%. The firm’s quarterly revenue was up 44.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. sell-side analysts anticipate that William Lyon Homes will post 3.09 EPS for the current fiscal year.
In other William Lyon Homes news, COO Brian W. Doyle sold 15,596 shares of William Lyon Homes stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $28.02, for a total value of $436,999.92. Following the transaction, the chief operating officer now directly owns 166,856 shares in the company, valued at approximately $4,675,305.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.13% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of William Lyon Homes in the 4th quarter valued at approximately $118,000. Capital Fund Management S.A. acquired a new stake in shares of William Lyon Homes in the 4th quarter valued at approximately $221,000. Teacher Retirement System of Texas acquired a new stake in shares of William Lyon Homes in the 4th quarter valued at approximately $274,000. First Mercantile Trust Co. acquired a new stake in shares of William Lyon Homes in the 1st quarter valued at approximately $281,000. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of William Lyon Homes by 25.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the construction company’s stock valued at $349,000 after buying an additional 2,400 shares during the period. Institutional investors own 83.49% of the company’s stock.
About William Lyon Homes
William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.
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