UBS AG Increases Lyon William Homes (WLH) Price Target to $30.00
Lyon William Homes (NYSE:WLH) had its price target raised by research analysts at UBS AG from $25.00 to $30.00 in a note issued to investors on Wednesday, www.benzinga.com reports. The firm presently has a “neutral” rating on the construction company’s stock. UBS AG’s price objective points to a potential upside of 8.11% from the stock’s current price.
WLH has been the subject of a number of other reports. Citigroup Inc. reissued a “buy” rating and set a $27.50 price target (up from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. Zacks Investment Research lowered Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Zelman & Associates raised Lyon William Homes from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Wedbush reissued a “neutral” rating and set a $27.00 price target (up from $22.00) on shares of Lyon William Homes in a research note on Wednesday. Finally, BidaskClub lowered Lyon William Homes from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $27.88.
Lyon William Homes (NYSE:WLH) last released its earnings results on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Lyon William Homes had a return on equity of 7.72% and a net margin of 3.01%. The firm had revenue of $490.34 million during the quarter, compared to analysts’ expectations of $486.57 million. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue was up 43.1% on a year-over-year basis.
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In related news, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Gmt Capital Corp sold 15,450 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $22.70, for a total value of $350,715.00. Following the transaction, the insider now directly owns 3,829,367 shares of the company’s stock, valued at $86,926,630.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,424,766 shares of company stock valued at $81,514,687. 21.33% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its stake in shares of Lyon William Homes by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock valued at $112,000 after purchasing an additional 2,063 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Lyon William Homes by 79.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock valued at $103,000 after purchasing an additional 2,226 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Lyon William Homes in the 2nd quarter valued at approximately $122,000. Mason Street Advisors LLC bought a new stake in shares of Lyon William Homes in the 1st quarter valued at approximately $113,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Lyon William Homes in the 2nd quarter valued at approximately $133,000. 98.75% of the stock is owned by institutional investors.
About Lyon William 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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