Gary H. Hunt Sells 8,500 Shares of Lyon William Homes (WLH) Stock
Lyon William Homes (NYSE:WLH) Director Gary H. Hunt sold 8,500 shares of Lyon William Homes stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $22.87, for a total transaction of $194,395.00. Following the sale, the director now owns 31,798 shares of the company’s stock, valued at approximately $727,220.26. The sale was disclosed in a document filed with the SEC, which is available through this link.
Lyon William Homes (WLH) opened at 23.26 on Thursday. The firm’s 50-day moving average is $23.19 and its 200-day moving average is $21.76. The stock has a market cap of $743.06 million, a P/E ratio of 20.02 and a beta of 1.76. Lyon William Homes has a 52-week low of $15.21 and a 52-week high of $24.51.
Lyon William Homes (NYSE:WLH) last released its quarterly earnings results on Monday, August 7th. The construction company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $422.69 million for the quarter, compared to analyst estimates of $424.86 million. Lyon William Homes had a return on equity of 7.72% and a net margin of 3.01%. Lyon William Homes’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. Equities research analysts predict that Lyon William Homes will post $1.96 earnings per share for the current year.
WLH has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Lyon William Homes from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $27.50 price objective (up previously from $27.00) on shares of Lyon William Homes in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Lyon William Homes currently has a consensus rating of “Hold” and an average price target of $24.83.
Institutional investors have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. bought a new position in Lyon William Homes during the second quarter valued at approximately $226,000. State Street Corp raised its position in Lyon William Homes by 1.7% in the second quarter. State Street Corp now owns 815,861 shares of the construction company’s stock valued at $19,692,000 after buying an additional 13,477 shares during the period. PDT Partners LLC bought a new position in Lyon William Homes during the second quarter valued at approximately $2,080,000. Zacks Investment Management bought a new position in Lyon William Homes during the second quarter valued at approximately $766,000. Finally, Voya Investment Management LLC bought a new position in Lyon William Homes during the second quarter valued at approximately $248,000.
Lyon William 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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