William Lyon Homes (WLH) Given Average Recommendation of “Hold” by Brokerages

William Lyon Homes (NYSE:WLH) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.00.

Several research firms recently weighed in on WLH. Citigroup downgraded shares of William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Thursday, January 4th. UBS Group reaffirmed a “neutral” rating and set a $33.00 price objective (up previously from $30.00) on shares of William Lyon Homes in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of William Lyon Homes from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. ValuEngine raised shares of William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Wedbush reaffirmed a “neutral” rating and set a $31.00 price objective (up previously from $27.00) on shares of William Lyon Homes in a research note on Friday, December 29th.

In other news, Director Gary H. Hunt sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $29.33, for a total value of $73,325.00. Following the completion of the sale, the director now owns 29,298 shares of the company’s stock, valued at approximately $859,310.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew R. Zaist sold 25,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $28.83, for a total transaction of $720,750.00. Following the completion of the sale, the chief executive officer now directly owns 205,377 shares of the company’s stock, valued at approximately $5,921,018.91. The disclosure for this sale can be found here. In the last three months, insiders sold 285,700 shares of company stock valued at $8,599,572. Corporate insiders own 21.33% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Algert Global LLC purchased a new stake in shares of William Lyon Homes in the 3rd quarter valued at approximately $2,266,000. State of New Jersey Common Pension Fund D grew its stake in shares of William Lyon Homes by 20.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the construction company’s stock valued at $1,379,000 after buying an additional 10,000 shares during the period. Phoenix Investment Adviser LLC purchased a new stake in shares of William Lyon Homes in the 3rd quarter valued at approximately $552,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of William Lyon Homes in the 3rd quarter valued at approximately $754,000. Finally, Capital Growth Management LP purchased a new stake in shares of William Lyon Homes in the 3rd quarter valued at approximately $2,529,000. 98.27% of the stock is owned by institutional investors and hedge funds.

William Lyon Homes (WLH) opened at $27.34 on Friday. William Lyon Homes has a 1 year low of $16.80 and a 1 year high of $32.95. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.30 and a current ratio of 10.77. The firm has a market cap of $863.91 and a PE ratio of 14.22.

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

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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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