Lyon William Homes (WLH) Position Decreased by Falcon Point Capital LLC
Falcon Point Capital LLC reduced its position in shares of Lyon William Homes (NYSE:WLH) by 17.2% during the second quarter, Holdings Channel reports. The institutional investor owned 661,637 shares of the construction company’s stock after selling 137,176 shares during the period. Lyon William Homes comprises approximately 2.2% of Falcon Point Capital LLC’s portfolio, making the stock its 14th largest position. Falcon Point Capital LLC’s holdings in Lyon William Homes were worth $15,972,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Lyon William Homes by 79.9% in the first quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock worth $103,000 after buying an additional 2,226 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Lyon William Homes by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock worth $112,000 after buying an additional 2,063 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Lyon William Homes during the first quarter worth approximately $113,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Lyon William Homes during the second quarter worth approximately $133,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Lyon William Homes during the first quarter worth approximately $167,000.
Lyon William Homes (NYSE WLH) opened at 22.69 on Friday. The company has a 50 day moving average of $23.39 and a 200-day moving average of $21.38. Lyon William Homes has a 52-week low of $15.21 and a 52-week high of $24.51. The stock has a market capitalization of $724.85 million, a P/E ratio of 19.53 and a beta of 1.76.
Lyon William Homes (NYSE:WLH) last issued its quarterly earnings results on Monday, August 7th. The construction company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $422.69 million during the quarter, compared to analyst estimates 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 was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Equities research analysts anticipate that Lyon William Homes will post $2.06 EPS for the current year.
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A number of equities research analysts have commented on the stock. Citigroup Inc. reissued a “buy” rating and issued a $27.50 price objective (up from $27.00) on shares of Lyon William Homes in a research report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Lyon William Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Finally, BidaskClub downgraded shares of Lyon William Homes from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Lyon William Homes currently has a consensus rating of “Hold” and a consensus price target of $24.83.
In related news, major shareholder Gmt Capital Corp sold 28,651 shares of Lyon William Homes stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $23.39, for a total value of $670,146.89. Following the completion of the sale, the insider now owns 4,351,766 shares in the company, valued at $101,787,806.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 633,344 shares of company stock valued at $14,682,944. Insiders own 21.33% of the company’s stock.
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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