Lyon William Homes (WLH) Posts Earnings Results, Beats Expectations By $0.01 EPS
Lyon William Homes (NYSE:WLH) issued its quarterly earnings results on Monday. The construction company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01, Bloomberg Earnings reports. The firm had revenue of $422.69 million for the quarter, compared to analyst estimates of $424.86 million. Lyon William Homes had a return on equity of 7.35% and a net margin of 2.90%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share.
In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 41,968 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $23.16, for a total transaction of $971,978.88. Following the sale, the insider now owns 4,432,417 shares in the company, valued at approximately $102,654,777.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 623,312 shares of company stock worth $14,460,269. 21.33% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of WLH. State of Alaska Department of Revenue boosted its stake in Lyon William Homes by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock valued at $112,000 after buying an additional 2,063 shares during the period. Victory Capital Management Inc. boosted its stake in Lyon William Homes by 79.9% in the first quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock valued at $103,000 after buying an additional 2,226 shares during the period. Mason Street Advisors LLC acquired a new stake in Lyon William Homes during the first quarter valued at about $113,000. Municipal Employees Retirement System of Michigan acquired a new stake in Lyon William Homes during the second quarter valued at about $133,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Lyon William Homes by 61.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock valued at $164,000 after buying an additional 2,603 shares during the period.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised Lyon William Homes from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub lowered Lyon William Homes from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $27.50 price target (up from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $22.50.
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Lyon William 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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