William Lyon Homes (NYSE:WLH) – Research analysts at Wedbush decreased their Q2 2019 earnings per share estimates for shares of William Lyon Homes in a note issued to investors on Tuesday, October 30th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.42. Wedbush currently has a “Neutral” rating and a $22.00 target price on the stock. Wedbush also issued estimates for William Lyon Homes’ Q3 2019 earnings at $0.69 EPS.
A number of other equities research analysts have also recently commented on WLH. ValuEngine cut William Lyon Homes from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Citigroup lowered their target price on William Lyon Homes from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded William Lyon Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $27.25.
NYSE WLH opened at $13.73 on Thursday. The firm has a market cap of $533.56 million, a PE ratio of 6.21 and a beta of 1.53. William Lyon Homes has a one year low of $11.65 and a one year high of $32.95. The company has a current ratio of 6.30, a quick ratio of 0.15 and a debt-to-equity ratio of 1.52.
William Lyon Homes (NYSE:WLH) last released its earnings results on Tuesday, October 30th. The construction company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.02. The company had revenue of $534.70 million for the quarter, compared to analysts’ expectations of $568.84 million. William Lyon Homes had a return on equity of 10.33% and a net margin of 3.37%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS.
Institutional investors and hedge funds have recently made changes to their positions in the stock. OppenheimerFunds Inc. increased its holdings in William Lyon Homes by 13.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 47,815 shares of the construction company’s stock worth $1,109,000 after acquiring an additional 5,559 shares during the last quarter. Swiss National Bank increased its holdings in William Lyon Homes by 21.8% in the 2nd quarter. Swiss National Bank now owns 59,700 shares of the construction company’s stock worth $1,385,000 after acquiring an additional 10,700 shares during the last quarter. BlackRock Inc. increased its holdings in William Lyon Homes by 3.8% in the 2nd quarter. BlackRock Inc. now owns 4,936,863 shares of the construction company’s stock worth $114,535,000 after acquiring an additional 180,513 shares during the last quarter. Real Estate Management Services LLC increased its holdings in William Lyon Homes by 65.3% in the 3rd quarter. Real Estate Management Services LLC now owns 972,160 shares of the construction company’s stock worth $15,448,000 after acquiring an additional 384,121 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in William Lyon Homes in the 2nd quarter worth about $193,000. 84.11% of the stock is owned by 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.
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