Lyon William Homes (WLH) Stake Lessened by California State Teachers Retirement System
California State Teachers Retirement System decreased its holdings in Lyon William Homes (NYSE:WLH) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,245 shares of the construction company’s stock after selling 4,900 shares during the quarter. California State Teachers Retirement System owned 0.13% of Lyon William Homes worth $1,020,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Teachers Advisors LLC lifted its holdings in shares of Lyon William Homes by 3.2% in the first quarter. Teachers Advisors LLC now owns 45,127 shares of the construction company’s stock valued at $931,000 after buying an additional 1,411 shares during the period. Legal & General Group Plc lifted its holdings in shares of Lyon William Homes by 553.0% in the first quarter. Legal & General Group Plc now owns 38,678 shares of the construction company’s stock valued at $798,000 after buying an additional 32,755 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Lyon William Homes by 40.6% in the first quarter. Vanguard Group Inc. now owns 1,223,152 shares of the construction company’s stock valued at $25,221,000 after buying an additional 353,435 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lyon William Homes by 3.3% in the first quarter. Geode Capital Management LLC now owns 176,674 shares of the construction company’s stock valued at $3,643,000 after buying an additional 5,649 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Lyon William Homes in the first quarter valued at $245,000. 98.01% of the stock is owned by institutional investors.
WLH has been the subject of several research analyst reports. Zelman & Associates upgraded Lyon William Homes from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Lyon William Homes from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 12th. UBS AG upped their target price on Lyon William Homes from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $27.00 target price (up from $22.00) on shares of Lyon William Homes in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.88.
Shares of Lyon William Homes (NYSE:WLH) traded down $0.39 during midday trading on Monday, hitting $29.49. The stock had a trading volume of 292,400 shares, compared to its average volume of 323,219. Lyon William Homes has a twelve month low of $16.37 and a twelve month high of $30.31. The stock has a market capitalization of $938.09, a P/E ratio of 15.44 and a beta of 2.14. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.30 and a current ratio of 10.77.
Lyon William Homes (NYSE:WLH) last announced its earnings results on Tuesday, October 31st. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Lyon William Homes had a return on equity of 9.33% and a net margin of 3.61%. The business had revenue of $490.34 million during the quarter, compared to the consensus estimate of $486.57 million. During the same period in the prior year, the business posted $0.34 earnings per share. Lyon William Homes’s revenue was up 43.1% compared to the same quarter last year. research analysts anticipate that Lyon William Homes will post 2.18 earnings per share for the current fiscal year.
In related news, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $23.81, for a total value of $79,112,677.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Gmt Capital Corp sold 41,600 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $24.35, for a total value of $1,012,960.00. Following the completion of the sale, the insider now directly owns 3,751,217 shares of the company’s stock, valued at $91,342,133.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,389,266 shares of company stock valued at $80,846,387. 21.33% of the stock is currently owned by company insiders.
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Lyon William Homes 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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