Insider Selling: Lyon William Homes (WLH) Major Shareholder Sells 3,322,666 Shares of Stock
Lyon William Homes (NYSE:WLH) major shareholder Paulson Property Management Ii sold 3,322,666 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $23.81, for a total transaction of $79,112,677.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Lyon William Homes (WLH) traded down 2.05% during midday trading on Wednesday, hitting $22.97. 279,346 shares of the company traded hands. Lyon William Homes has a 12-month low of $15.21 and a 12-month high of $25.18. The stock’s 50-day moving average is $23.31 and its 200 day moving average is $22.47. The stock has a market capitalization of $733.80 million, a P/E ratio of 19.77 and a beta of 1.75.
Lyon William Homes (NYSE:WLH) last issued its quarterly earnings data on Monday, August 7th. The construction company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $422.69 million during the quarter, compared to analysts’ expectations of $424.86 million. Lyon William Homes had a net margin of 3.01% and a return on equity of 7.72%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, analysts expect that Lyon William Homes will post $1.96 earnings per share for the current year.
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Several brokerages recently commented on WLH. Zacks Investment Research downgraded shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 12th. BidaskClub downgraded shares of Lyon William Homes from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Citigroup Inc. restated a “buy” rating and issued a $27.50 price target (up previously from $27.00) on shares of Lyon William Homes in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Lyon William Homes has a consensus rating of “Hold” and an average price target of $24.83.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new position in Lyon William Homes during the second quarter valued at approximately $232,000. Sei Investments Co. grew its holdings in Lyon William Homes by 4.3% during the first quarter. Sei Investments Co. now owns 118,016 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 4,906 shares during the period. Prudential Financial Inc. acquired a new position in Lyon William Homes during the first quarter valued at approximately $819,000. Dynamic Technology Lab Private Ltd acquired a new position in Lyon William Homes during the first quarter valued at approximately $401,000. Finally, Bank of America Corp DE grew its holdings in Lyon William Homes by 176.6% during the first quarter. Bank of America Corp DE now owns 38,365 shares of the construction company’s stock valued at $791,000 after purchasing an additional 24,496 shares during the period.
About Lyon William 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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