William Lyon Homes’ (WLH) Neutral Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of William Lyon Homes (NYSE:WLH) in a research report report published on Wednesday morning, The Fly reports. They currently have a $27.00 target price on the construction company’s stock, up from their previous target price of $22.00.

A number of other equities analysts have also issued reports on WLH. Zacks Investment Research lowered shares of William Lyon Homes from a strong-buy rating to a hold rating in a research report on Tuesday, July 18th. Citigroup Inc reiterated a buy rating and set a $27.50 target price (up from $27.00) on shares of William Lyon Homes in a research report on Tuesday, July 18th. BidaskClub lowered shares of William Lyon Homes from a buy rating to a hold rating in a research report on Wednesday, July 19th. UBS Group AG (USA) started coverage on shares of William Lyon Homes in a research report on Wednesday, October 25th. They set a neutral rating and a $25.00 target price on the stock. Finally, Zelman & Associates upgraded shares of William Lyon Homes from a hold rating to a buy rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $27.88.

William Lyon Homes (NYSE WLH) opened at $27.36 on Wednesday. The firm has a market capitalization of $874.41 million, a P/E ratio of 14.52 and a beta of 2.14. William Lyon Homes has a 12-month low of $15.60 and a 12-month high of $29.94. The company has a current ratio of 10.77, a quick ratio of 0.26 and a debt-to-equity ratio of 1.33.

William Lyon Homes (NYSE:WLH) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. The firm had revenue of $490.34 million for the quarter, compared to analyst estimates of $486.57 million. William Lyon Homes had a net margin of 3.61% and a return on equity of 9.33%. The company’s revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. analysts forecast that William Lyon Homes will post 2.18 earnings per share for the current year.

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In other news, major shareholder Gmt Capital Corp sold 15,450 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $22.70, for a total transaction of $350,715.00. Following the transaction, the insider now directly owns 3,829,367 shares in the company, valued at $86,926,630.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $23.81, for a total transaction of $79,112,677.46. The disclosure for this sale can be found here. Insiders have sold 3,424,766 shares of company stock worth $81,514,687 over the last quarter. 21.33% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WLH. JPMorgan Chase & Co. raised its stake in shares of William Lyon Homes by 31.2% during the first quarter. JPMorgan Chase & Co. now owns 55,155 shares of the construction company’s stock worth $1,138,000 after buying an additional 13,131 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of William Lyon Homes during the first quarter worth approximately $819,000. Victory Capital Management Inc. raised its stake in shares of William Lyon Homes by 79.9% during the first quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock worth $103,000 after buying an additional 2,226 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of William Lyon Homes during the first quarter worth approximately $252,000. Finally, American International Group Inc. raised its stake in shares of William Lyon Homes by 7.1% during the first quarter. American International Group Inc. now owns 14,725 shares of the construction company’s stock worth $304,000 after buying an additional 974 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

About William Lyon Homes

William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.

The Fly

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