Zacks Investment Research upgraded shares of William Lyon Homes (NYSE:WLH) from a hold rating to a strong-buy rating in a research note issued to investors on Saturday morning. They currently have $31.00 target price on the construction company’s stock.
According to Zacks, “William Lyon Homes is primarily engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada and Colorado. The Company conducts its homebuilding operations through five reportable operating segments: Southern California, Northern California, Arizona, Nevada and Colorado through the Village Homes brand. William Lyon Homes is headquartered in Newport Beach, California. “
A number of other equities analysts also recently commented on WLH. UBS reiterated a neutral rating and set a $33.00 target price (up previously from $30.00) on shares of William Lyon Homes in a research note on Wednesday, January 17th. Wedbush upgraded shares of William Lyon Homes from a neutral rating to an outperform rating and set a $31.00 target price for the company in a research note on Thursday, February 8th. Finally, ValuEngine upgraded shares of William Lyon Homes from a buy rating to a strong-buy rating in a research note on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $32.50.
Shares of William Lyon Homes opened at $27.05 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.53, a current ratio of 5.10 and a quick ratio of 0.14. The firm has a market cap of $1.07 billion, a P/E ratio of 12.24 and a beta of 1.53. William Lyon Homes has a 12 month low of $27.04 and a 12 month high of $27.44.
William Lyon Homes (NYSE:WLH) last issued its earnings results on Tuesday, May 8th. The construction company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The firm had revenue of $373.36 million during the quarter, compared to the consensus estimate of $328.28 million. William Lyon Homes had a net margin of 3.48% and a return on equity of 10.99%. The company’s revenue was up 44.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. sell-side analysts anticipate that William Lyon Homes will post 3.12 earnings per share for the current year.
In other William Lyon Homes news, COO Brian W. Doyle sold 15,596 shares of the company’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $28.02, for a total value of $436,999.92. Following the completion of the transaction, the chief operating officer now owns 166,856 shares in the company, valued at $4,675,305.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 22.13% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new position in William Lyon Homes in the fourth quarter valued at $118,000. Capital Fund Management S.A. acquired a new position in William Lyon Homes in the fourth quarter valued at $221,000. Teacher Retirement System of Texas acquired a new position in William Lyon Homes in the fourth quarter valued at $274,000. First Mercantile Trust Co. acquired a new position in William Lyon Homes in the first quarter valued at $281,000. Finally, Louisiana State Employees Retirement System boosted its stake in William Lyon Homes by 25.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the construction company’s stock valued at $349,000 after acquiring an additional 2,400 shares in the last quarter. Institutional investors own 83.49% of the company’s stock.
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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