William Lyon Homes (NYSE:WLH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

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 research analysts have also recently weighed in on WLH. UBS Group started coverage on William Lyon Homes in a research report on Wednesday, October 25th. They set a “neutral” rating and a $25.00 price objective on the stock. Zelman & Associates raised William Lyon Homes from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Wedbush reaffirmed a “neutral” rating and set a $27.00 price objective (up from $22.00) on shares of William Lyon Homes in a research report on Wednesday, November 1st. ValuEngine raised William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Citigroup cut William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.75.

William Lyon Homes (NYSE WLH) traded down $0.63 during mid-day trading on Friday, hitting $30.97. The stock had a trading volume of 376,820 shares, compared to its average volume of 388,544. William Lyon Homes has a 12-month low of $16.37 and a 12-month 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. The stock has a market cap of $1,005.51, a PE ratio of 20.24 and a beta of 1.81.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. William Lyon Homes had a return on equity of 9.33% and a net margin of 3.61%. The firm had revenue of $490.34 million for the quarter, compared to analysts’ expectations of $486.57 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 43.1% on a year-over-year basis. equities analysts forecast that William Lyon Homes will post 2.17 earnings per share for the current year.

In other news, Director Gary H. Hunt sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $29.33, for a total transaction of $73,325.00. Following the sale, the director now directly owns 29,298 shares of the company’s stock, valued at approximately $859,310.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gmt Capital Corp sold 31,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $29.18, for a total value of $910,416.00. Following the sale, the insider now directly owns 3,647,217 shares in the company, valued at $106,425,792.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,900 shares of company stock worth $3,873,815. 21.33% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of William Lyon Homes by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock worth $112,000 after acquiring an additional 2,063 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of William Lyon Homes by 79.9% during 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 position in shares of William Lyon Homes during the 2nd quarter valued at approximately $122,000. Mason Street Advisors LLC bought a new position in shares of William Lyon Homes during the 1st quarter valued at approximately $113,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of William Lyon Homes during the 2nd quarter valued at approximately $133,000. 98.13% of the stock is currently owned by institutional investors and hedge funds.

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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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