Brokerages Set William Lyon Homes (WLH) Target Price at $32.00
William Lyon Homes (NYSE:WLH) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $32.00.
A number of research firms have recently commented on WLH. Citigroup lowered William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Thursday, January 4th. Wedbush reaffirmed a “neutral” rating and set a $27.00 price target (up previously from $22.00) on shares of William Lyon Homes in a research report on Wednesday, November 1st. UBS Group began coverage on William Lyon Homes in a research report on Wednesday, October 25th. They set a “neutral” rating and a $25.00 price target on the stock. ValuEngine raised William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research raised William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th.
William Lyon Homes (WLH) traded up $1.68 during trading hours on Monday, reaching $32.36. The company’s stock had a trading volume of 643,900 shares, compared to its average volume of 536,285. William Lyon Homes has a 1 year low of $16.37 and a 1 year high of $32.95. The company has a quick ratio of 0.30, a current ratio of 10.77 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $1,030.00, a price-to-earnings ratio of 21.15 and a beta of 2.14.
William Lyon Homes (NYSE:WLH) last released its earnings results on Tuesday, October 31st. The construction company reported $0.71 earnings per share for the quarter, beating the 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 analyst estimates of $486.57 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 43.1% on a year-over-year basis. sell-side analysts expect that William Lyon Homes will post 2.17 EPS for the current year.
In related news, major shareholder Gmt Capital Corp sold 31,200 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $30.99, for a total transaction of $966,888.00. Following the completion of the transaction, the insider now directly owns 3,616,017 shares in the company, valued at $112,060,366.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew R. Zaist sold 25,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $28.83, for a total value of $720,750.00. Following the transaction, the chief executive officer now owns 205,377 shares of the company’s stock, valued at $5,921,018.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,100 shares of company stock worth $4,840,703. 22.30% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of WLH. Quantbot Technologies LP bought a new position in shares of William Lyon Homes during the second quarter worth about $122,000. Victory Capital Management Inc. grew its holdings in shares of William Lyon Homes by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,896 shares of the construction company’s stock worth $142,000 after buying an additional 884 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of William Lyon Homes by 61.9% during the second quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock worth $164,000 after buying an additional 2,603 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of William Lyon Homes during the third quarter worth about $193,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of William Lyon Homes by 60.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,860 shares of the construction company’s stock worth $204,000 after buying an additional 3,330 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.
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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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