William Lyon Homes (WLH) Shares Down 1.7%
William Lyon Homes (NYSE:WLH) was down 1.7% during mid-day trading on Tuesday . The company traded as low as $15.65 and last traded at $15.75, with a volume of 123,942 shares traded. The stock had previously closed at $16.02.
A number of equities research analysts have recently issued reports on WLH shares. Citigroup Inc. increased their price target on shares of William Lyon Homes from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Credit Suisse Group AG reissued a “buy” rating on shares of William Lyon Homes in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. William Lyon Homes currently has a consensus rating of “Hold” and a consensus price target of $20.00.
The stock has a 50 day moving average price of $16.69 and a 200 day moving average price of $15.67. The stock has a market cap of $494.21 million, a PE ratio of 9.78 and a beta of 1.86.
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William Lyon Homes (NYSE:WLH) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm earned $325.65 million during the quarter, compared to analyst estimates of $297.56 million. William Lyon Homes had a return on equity of 9.01% and a net margin of 4.98%. William Lyon Homes’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, analysts predict that William Lyon Homes will post $1.78 EPS for the current year.
In other William Lyon Homes news, major shareholder Gmt Capital Corp bought 62,400 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was acquired at an average price of $15.94 per share, with a total value of $994,656.00. Following the transaction, the insider now owns 4,833,317 shares in the company, valued at $77,043,072.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 21.33% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of William Lyon Homes during the second quarter worth $14,373,000. First American Bank acquired a new position in shares of William Lyon Homes during the second quarter worth $343,000. Royal Bank of Canada raised its position in shares of William Lyon Homes by 34.1% in the first quarter. Royal Bank of Canada now owns 69,893 shares of the company’s stock worth $1,012,000 after buying an additional 17,773 shares during the period. Barclays PLC raised its position in shares of William Lyon Homes by 1,297.9% in the first quarter. Barclays PLC now owns 80,209 shares of the company’s stock worth $1,123,000 after buying an additional 74,471 shares during the period. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of William Lyon Homes during the first quarter worth $168,000.
William Lyon Homes Company Profile
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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