Lyon William Homes (NYSE:WLH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Friday. The brokerage currently has a $27.00 target price on the construction company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 17.54% from the stock’s previous close.

According to Zacks, “William Lyon Homes is primarily engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada and Colorado. The Company conducts its homebuilding operations through five reportable operating segments: Southern California, Northern California, Arizona, Nevada and Colorado through the Village Homes brand. William Lyon Homes is headquartered in Newport Beach, California. “

WLH has been the topic of several other reports. BidaskClub cut shares of Lyon William Homes from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Citigroup Inc. reiterated a “buy” rating and set a $27.50 target price (up 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, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $24.83.

Lyon William Homes (NYSE:WLH) opened at 22.97 on Friday. The company has a market cap of $733.80 million, a price-to-earnings ratio of 19.77 and a beta of 1.76. Lyon William Homes has a one year low of $15.21 and a one year high of $24.51. The stock has a 50 day moving average of $23.40 and a 200-day moving average of $21.34.

Lyon William Homes (NYSE:WLH) last issued its earnings results on Monday, August 7th. The construction company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Lyon William Homes had a net margin of 3.01% and a return on equity of 7.72%. The company had revenue of $422.69 million for the quarter, compared to analysts’ expectations of $424.86 million. During the same period in the prior year, the business earned $0.38 EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. On average, equities analysts predict that Lyon William Homes will post $2.06 EPS for the current fiscal year.

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In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 28,651 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $23.39, for a total transaction of $670,146.89. Following the completion of the sale, the insider now directly owns 4,351,766 shares of the company’s stock, valued at $101,787,806.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 633,344 shares of company stock valued at $14,682,944. Insiders own 21.33% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in 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 valued at $103,000 after buying an additional 2,226 shares during the last quarter. State of Alaska Department of Revenue raised its stake in 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 valued at $112,000 after buying an additional 2,063 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in Lyon William Homes during the first quarter valued at approximately $113,000. Municipal Employees Retirement System of Michigan purchased a new stake in Lyon William Homes during the second quarter valued at approximately $133,000. Finally, BNP Paribas Arbitrage SA raised its stake in Lyon William Homes by 61.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock valued at $164,000 after buying an additional 2,603 shares during the last quarter.

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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