William Lyon Homes (NYSE:WLH) announced its quarterly earnings data on Thursday. The construction company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03), Morningstar.com reports. William Lyon Homes had a return on equity of 9.25% and a net margin of 4.21%. The company had revenue of $465.47 million for the quarter, compared to analysts’ expectations of $472.24 million. During the same quarter in the previous year, the business posted $0.58 EPS. The business’s quarterly revenue was down 10.4% compared to the same quarter last year.
WLH stock traded down $0.77 during midday trading on Friday, hitting $18.03. 729,847 shares of the company’s stock were exchanged, compared to its average volume of 281,228. The company’s 50-day simple moving average is $18.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 5.33 and a quick ratio of 0.13. The stock has a market capitalization of $742.63 million, a PE ratio of 8.25 and a beta of 1.28. William Lyon Homes has a 1-year low of $9.85 and a 1-year high of $21.95.
A number of brokerages recently commented on WLH. Zacks Investment Research downgraded William Lyon Homes from a “hold” rating to a “sell” rating in a research report on Friday, July 5th. ValuEngine downgraded William Lyon Homes from a “hold” rating to a “sell” rating in a research report on Thursday.
A number of hedge funds have recently bought and sold shares of the business. Swiss National Bank lifted its stake in William Lyon Homes by 1.8% in the 2nd quarter. Swiss National Bank now owns 60,800 shares of the construction company’s stock valued at $1,108,000 after buying an additional 1,100 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in William Lyon Homes by 12.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,091 shares of the construction company’s stock valued at $439,000 after buying an additional 2,759 shares in the last quarter. Aperio Group LLC lifted its stake in William Lyon Homes by 13.2% in the 2nd quarter. Aperio Group LLC now owns 53,024 shares of the construction company’s stock valued at $967,000 after buying an additional 6,199 shares in the last quarter. Fisher Asset Management LLC lifted its stake in William Lyon Homes by 6.8% in the 2nd quarter. Fisher Asset Management LLC now owns 161,468 shares of the construction company’s stock valued at $2,944,000 after buying an additional 10,325 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in William Lyon Homes in the 2nd quarter valued at approximately $76,000. 87.40% 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, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.
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