Lyon William Homes (WLH) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. grew its holdings in Lyon William Homes (NYSE:WLH) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,964 shares of the construction company’s stock after purchasing an additional 1,177 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.38% of Lyon William Homes worth $2,945,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of WLH. Victory Capital Management Inc. increased its holdings in Lyon William Homes by 79.9% during the 1st quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock worth $103,000 after acquiring an additional 2,226 shares during the period. State of Alaska Department of Revenue increased its holdings in Lyon William Homes by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock worth $112,000 after acquiring an additional 2,063 shares during the period. Mason Street Advisors LLC bought a new stake in Lyon William Homes during the 1st quarter worth approximately $113,000. Municipal Employees Retirement System of Michigan bought a new stake in Lyon William Homes during the 2nd quarter worth approximately $133,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Lyon William Homes during the 1st quarter worth approximately $167,000.
Shares of Lyon William Homes (NYSE:WLH) opened at 23.96 on Friday. The company has a market cap of $765.43 million, a price-to-earnings ratio of 20.62 and a beta of 1.74. The company’s 50-day moving average is $23.38 and its 200-day moving average is $22.89. Lyon William Homes has a 12-month low of $15.60 and a 12-month high of $25.18.
Lyon William Homes (NYSE:WLH) last announced its earnings results on Monday, August 7th. The construction company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Lyon William Homes had a return on equity of 7.72% and a net margin of 3.01%. The company had revenue of $422.69 million during the quarter, compared to analysts’ expectations of $424.86 million. During the same period last year, the business posted $0.38 EPS. Lyon William Homes’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities research analysts predict that Lyon William Homes will post $1.96 earnings per share for the current year.
In related news, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Gmt Capital Corp sold 15,450 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $22.70, for a total value of $350,715.00. Following the transaction, the insider now owns 3,829,367 shares of the company’s stock, valued at $86,926,630.90. The disclosure for this sale can be found here. Insiders have sold a total of 3,497,566 shares of company stock valued at $83,202,936 over the last 90 days. 21.33% of the stock is currently owned by company insiders.
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WLH has been the topic of a number of 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. reaffirmed a “buy” rating and set a $27.50 target price (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 assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.83.
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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