William Lyon Homes (WLH) Sees Large Decrease in Short Interest

William Lyon Homes (NYSE:WLH) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 728,597 shares, a decline of 71.5% from the November 30th total of 2,553,488 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 305,999 shares, the short-interest ratio is presently 2.4 days.

Shares of William Lyon Homes (NYSE:WLH) opened at $32.28 on Thursday. The company has a market cap of $1,030.00, a PE ratio of 21.10 and a beta of 2.14. William Lyon Homes has a fifty-two week low of $16.37 and a fifty-two week high of $32.95. 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 (NYSE:WLH) last released its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $490.34 million for the quarter, compared to the consensus estimate of $486.57 million. William Lyon Homes had a net margin of 3.61% and a return on equity of 9.33%. The firm’s revenue was up 43.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. analysts forecast that William Lyon Homes will post 2.17 EPS for the current year.

In other news, CEO Matthew R. Zaist sold 25,000 shares of William Lyon Homes stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $28.83, for a total value of $720,750.00. Following the sale, the chief executive officer now owns 205,377 shares of the company’s stock, valued at $5,921,018.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary H. Hunt sold 2,500 shares of William Lyon Homes stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $29.33, for a total transaction of $73,325.00. Following the completion of the sale, the director now directly owns 29,298 shares in the company, valued at approximately $859,310.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,900 shares of company stock worth $3,873,815. Insiders own 22.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in William Lyon Homes by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,452,175 shares of the construction company’s stock worth $59,195,000 after acquiring an additional 182,987 shares during the last quarter. Ameriprise Financial Inc. raised its position in William Lyon Homes by 5.4% during the third quarter. Ameriprise Financial Inc. now owns 2,025,847 shares of the construction company’s stock worth $46,573,000 after acquiring an additional 104,570 shares during the last quarter. Vanguard Group Inc. raised its position in William Lyon Homes by 5.7% during the second quarter. Vanguard Group Inc. now owns 1,293,392 shares of the construction company’s stock worth $31,223,000 after acquiring an additional 70,240 shares during the last quarter. Tricadia Capital Management LLC raised its position in William Lyon Homes by 6.5% during the second quarter. Tricadia Capital Management LLC now owns 1,104,047 shares of the construction company’s stock worth $26,652,000 after acquiring an additional 67,400 shares during the last quarter. Finally, State Street Corp raised its position in William Lyon Homes by 1.7% during the second quarter. State Street Corp now owns 815,861 shares of the construction company’s stock worth $19,692,000 after acquiring an additional 13,477 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

A number of analysts recently commented on WLH shares. Zelman & Associates raised shares of William Lyon Homes from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Wedbush reissued a “neutral” rating and set a $31.00 price objective (up previously from $27.00) on shares of William Lyon Homes in a report on Friday, December 29th. UBS Group boosted their price objective on shares of William Lyon Homes from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Finally, ValuEngine raised shares of William Lyon Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, four 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 a consensus target price of $28.88.

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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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