William Lyon Homes’ (WLH) “Neutral” Rating Reaffirmed at UBS Group

UBS Group reaffirmed their neutral rating on shares of William Lyon Homes (NYSE:WLH) in a report released on Wednesday, January 17th, 99wallstreet.com reports. The firm currently has a $33.00 price objective on the construction company’s stock, up from their previous price objective of $30.00.

Several other brokerages also recently weighed in on WLH. Zelman & Associates raised William Lyon Homes from a hold rating to a buy rating in a research note on Friday, October 27th. Wedbush reaffirmed a neutral rating and set a $27.00 target price (up from $22.00) on shares of William Lyon Homes in a research note on Wednesday, November 1st. ValuEngine raised William Lyon Homes from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Citigroup downgraded William Lyon Homes from a buy rating to a neutral rating and set a $35.00 target price for the company. in a research note on Thursday, January 4th. Finally, Zacks Investment Research raised William Lyon Homes from a sell rating to a hold rating in a research note on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $31.50.

William Lyon Homes (WLH) traded down $0.61 during trading on Wednesday, reaching $23.65. The company’s stock had a trading volume of 1,107,291 shares, compared to its average volume of 416,432. The company has a current ratio of 10.77, a quick ratio of 0.30 and a debt-to-equity ratio of 1.33. William Lyon Homes has a 1-year low of $16.94 and a 1-year high of $32.95. The stock has a market cap of $752.54, a price-to-earnings ratio of 15.46 and a beta of 1.64.

In related news, Director Gary H. Hunt sold 2,500 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $29.33, for a total value of $73,325.00. Following the completion of the transaction, the director now directly owns 29,298 shares of the company’s stock, valued at approximately $859,310.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Gmt Capital Corp sold 6,049 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $28.38, for a total value of $171,670.62. Following the completion of the transaction, the insider now directly owns 3,678,417 shares of the company’s stock, valued at $104,393,474.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 285,700 shares of company stock valued at $8,599,572. Corporate insiders own 21.33% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in William Lyon Homes by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 46,135 shares of the construction company’s stock valued at $1,114,000 after purchasing an additional 585 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in William Lyon Homes by 6.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,130 shares of the construction company’s stock valued at $341,000 after purchasing an additional 850 shares during the last quarter. Victory Capital Management Inc. raised its stake in William Lyon Homes by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,896 shares of the construction company’s stock valued at $142,000 after purchasing an additional 884 shares during the last quarter. Northern Trust Corp raised its stake in William Lyon Homes by 0.3% in the 2nd quarter. Northern Trust Corp now owns 300,321 shares of the construction company’s stock valued at $7,249,000 after purchasing an additional 924 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of William Lyon Homes by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 121,964 shares of the construction company’s stock worth $2,945,000 after acquiring an additional 1,177 shares during the last quarter. 96.73% of the stock is owned by hedge funds and other institutional investors.

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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.

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