ValuEngine Lowers William Lyon Homes (WLH) to Sell

ValuEngine cut shares of William Lyon Homes (NYSE:WLH) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of William Lyon Homes from a hold rating to a buy rating and set a $29.00 target price on the stock in a report on Wednesday, February 21st. Citigroup lowered their target price on shares of William Lyon Homes from $29.00 to $27.00 and set a neutral rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $30.50.

WLH opened at $23.00 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.14 and a current ratio of 5.10. William Lyon Homes has a twelve month low of $18.85 and a twelve month high of $32.95. The stock has a market capitalization of $895.02 million, a PE ratio of 10.41 and a beta of 1.50.

William Lyon Homes (NYSE:WLH) last posted its earnings results on Tuesday, May 8th. The construction company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. William Lyon Homes had a net margin of 3.48% and a return on equity of 10.99%. The business had revenue of $373.36 million for the quarter, compared to analyst estimates of $328.28 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The firm’s quarterly revenue was up 44.2% compared to the same quarter last year. analysts expect that William Lyon Homes will post 3.09 earnings per share for the current year.

In other news, COO Brian W. Doyle sold 15,596 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $28.02, for a total value of $436,999.92. Following the sale, the chief operating officer now owns 166,856 shares of the company’s stock, valued at approximately $4,675,305.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 21.33% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in William Lyon Homes by 9.7% during the 1st quarter. BlackRock Inc. now owns 4,756,350 shares of the construction company’s stock worth $130,751,000 after acquiring an additional 422,182 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in William Lyon Homes by 14.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,767,278 shares of the construction company’s stock worth $76,072,000 after acquiring an additional 347,241 shares during the last quarter. Millennium Management LLC grew its holdings in William Lyon Homes by 47.0% during the 4th quarter. Millennium Management LLC now owns 1,681,635 shares of the construction company’s stock worth $48,902,000 after acquiring an additional 537,674 shares during the last quarter. Foresters Investment Management Company Inc. grew its holdings in William Lyon Homes by 0.5% during the 1st quarter. Foresters Investment Management Company Inc. now owns 792,600 shares of the construction company’s stock worth $21,789,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Tricadia Capital Management LLC grew its holdings in William Lyon Homes by 22.3% during the 1st quarter. Tricadia Capital Management LLC now owns 636,812 shares of the construction company’s stock worth $17,506,000 after acquiring an additional 116,291 shares during the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

William Lyon Homes Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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