Citigroup downgraded shares of William Lyon Homes (NYSE:WLH) from a buy rating to a neutral rating in a report released on Thursday morning, Marketbeat Ratings reports. They currently have $35.00 price objective on the construction company’s stock.

WLH has been the topic of several other reports. Wedbush restated a neutral rating and issued a $31.00 price objective (up from $27.00) on shares of William Lyon Homes in a research report on Friday, December 29th. Zelman & Associates upgraded William Lyon Homes from a hold rating to a buy rating in a research report on Friday, October 27th. UBS Group boosted their price objective on William Lyon Homes from $25.00 to $30.00 and gave the company a neutral rating in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded William Lyon Homes from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $30.75.

William Lyon Homes (WLH) opened at $30.97 on Thursday. William Lyon Homes has a 52-week low of $16.37 and a 52-week high of $32.95. The company has a market capitalization of $985.50, a PE ratio of 20.24 and a beta of 2.14. The company has a debt-to-equity ratio of 1.33, a current ratio of 10.77 and a quick ratio of 0.30.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. William Lyon Homes had a return on equity of 9.33% and a net margin of 3.61%. The business had revenue of $490.34 million for the quarter, compared to the consensus estimate of $486.57 million. During the same period in the previous year, the business earned $0.34 earnings per share. The business’s revenue was up 43.1% on a year-over-year basis. sell-side analysts predict that William Lyon Homes will post 2.17 EPS for the current fiscal year.

In other news, CFO Colin T. Severn sold 7,500 shares of William Lyon Homes stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $29.26, for a total value of $219,450.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew R. Zaist sold 25,000 shares of William Lyon Homes stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $28.83, for a total value of $720,750.00. Following the completion of the sale, the chief executive officer now directly owns 205,377 shares in the company, valued at $5,921,018.91. The disclosure for this sale can be found here. Insiders sold 133,900 shares of company stock worth $3,873,815 over the last ninety days. Insiders own 21.33% of the company’s stock.

Hedge funds have recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its holdings in shares of William Lyon Homes by 20.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the construction company’s stock worth $1,379,000 after purchasing an additional 10,000 shares during the last quarter. Phoenix Investment Adviser LLC bought a new stake in William Lyon Homes during the third quarter worth approximately $552,000. Dynamic Technology Lab Private Ltd bought a new stake in William Lyon Homes during the third quarter worth approximately $754,000. Capital Growth Management LP bought a new stake in William Lyon Homes during the third quarter worth approximately $2,529,000. Finally, Vanguard Group Inc. increased its stake in William Lyon Homes by 5.7% during the second quarter. Vanguard Group Inc. now owns 1,293,392 shares of the construction company’s stock worth $31,223,000 after acquiring an additional 70,240 shares during the last quarter. 98.13% of the stock is currently owned by hedge funds and other institutional investors.

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About William Lyon 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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