William Lyon Homes (WLH) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its stake in shares of William Lyon Homes (NYSE:WLH) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,063 shares of the construction company’s stock after selling 11,869 shares during the period. Bank of America Corp DE owned approximately 0.23% of William Lyon Homes worth $2,067,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in William Lyon Homes by 14.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 23,669 shares of the construction company’s stock valued at $651,000 after buying an additional 3,069 shares during the period. Legal & General Group Plc increased its stake in William Lyon Homes by 7.8% during the 1st quarter. Legal & General Group Plc now owns 54,212 shares of the construction company’s stock valued at $1,482,000 after buying an additional 3,904 shares during the period. OppenheimerFunds Inc. increased its stake in William Lyon Homes by 13.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 47,815 shares of the construction company’s stock valued at $1,109,000 after buying an additional 5,559 shares during the period. California State Teachers Retirement System increased its stake in William Lyon Homes by 13.8% during the 1st quarter. California State Teachers Retirement System now owns 48,824 shares of the construction company’s stock valued at $1,342,000 after buying an additional 5,934 shares during the period. Finally, IndexIQ Advisors LLC increased its stake in William Lyon Homes by 8.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 79,570 shares of the construction company’s stock valued at $1,846,000 after buying an additional 6,360 shares during the period. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:WLH opened at $12.56 on Friday. William Lyon Homes has a twelve month low of $11.65 and a twelve month high of $32.95. The company has a debt-to-equity ratio of 1.52, a current ratio of 6.30 and a quick ratio of 0.14. The stock has a market cap of $518.37 million, a PE ratio of 5.68 and a beta of 1.51.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. William Lyon Homes had a net margin of 3.37% and a return on equity of 10.33%. The company had revenue of $534.70 million during the quarter, compared to analyst estimates of $568.84 million. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts expect that William Lyon Homes will post 2.62 earnings per share for the current year.

Several equities analysts have commented on WLH shares. ValuEngine cut shares of William Lyon Homes from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Citigroup lowered their target price on shares of William Lyon Homes from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Zacks Investment Research cut shares of William Lyon Homes from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 4th. Finally, Wedbush lowered shares of William Lyon Homes from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $22.00 in a research report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. William Lyon Homes presently has an average rating of “Hold” and an average target price of $25.25.

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About William Lyon Homes

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.

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Institutional Ownership by Quarter for William Lyon Homes (NYSE:WLH)

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