William Lyon Homes (NYSE:WLH) has been given an average rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $26.00.
A number of analysts have commented on WLH shares. Zacks Investment Research raised shares of William Lyon Homes from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Wedbush lowered shares of William Lyon Homes from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $22.00 in a report on Thursday, September 20th. Citigroup lowered their target price on shares of William Lyon Homes from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, June 20th. Finally, ValuEngine lowered shares of William Lyon Homes from a “hold” rating to a “sell” rating in a report on Thursday, June 21st.
Several hedge funds have recently made changes to their positions in WLH. Piedmont Investment Advisors LLC acquired a new position in shares of William Lyon Homes in the 2nd quarter valued at $152,000. SG Americas Securities LLC acquired a new position in shares of William Lyon Homes in the 2nd quarter valued at $193,000. Eqis Capital Management Inc. acquired a new position in shares of William Lyon Homes in the 2nd quarter valued at $202,000. Public Employees Retirement System of Ohio grew its holdings in shares of William Lyon Homes by 38.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,010 shares of the construction company’s stock valued at $395,000 after buying an additional 4,703 shares during the period. Finally, MetLife Investment Advisors LLC grew its holdings in shares of William Lyon Homes by 20.3% in the 1st quarter. MetLife Investment Advisors LLC now owns 14,816 shares of the construction company’s stock valued at $407,000 after buying an additional 2,501 shares during the period. 83.63% of the stock is owned by institutional investors.
WLH traded down $0.07 during trading on Wednesday, reaching $14.15. 571,274 shares of the company’s stock were exchanged, compared to its average volume of 436,928. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.15 and a current ratio of 5.77. William Lyon Homes has a fifty-two week low of $13.83 and a fifty-two week high of $32.95. The firm has a market capitalization of $603.44 million, a PE ratio of 6.40 and a beta of 1.54.
William Lyon Homes (NYSE:WLH) last released its earnings results on Tuesday, July 31st. The construction company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. William Lyon Homes had a net margin of 3.48% and a return on equity of 10.93%. The firm had revenue of $519.45 million during the quarter, compared to analyst estimates of $507.27 million. During the same quarter in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. Equities analysts forecast that William Lyon Homes will post 2.79 EPS for the current year.
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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