Alliancebernstein L.P. boosted its holdings in Lyon William Homes (NYSE:WLH) by 113.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,293 shares of the construction company’s stock after acquiring an additional 14,483 shares during the period. Alliancebernstein L.P. owned 0.09% of Lyon William Homes worth $659,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Systematic Financial Management LP acquired a new stake in Lyon William Homes in the 2nd quarter valued at about $3,170,000. Louisiana State Employees Retirement System acquired a new stake in Lyon William Homes in the 2nd quarter valued at about $232,000. Prudential Financial Inc. acquired a new stake in Lyon William Homes in the 1st quarter valued at about $819,000. Bank of America Corp DE grew its stake in Lyon William Homes by 176.6% in the 1st quarter. Bank of America Corp DE now owns 38,365 shares of the construction company’s stock valued at $791,000 after acquiring an additional 24,496 shares during the last quarter. Finally, American International Group Inc. grew its stake in Lyon William Homes by 7.1% in the 1st quarter. American International Group Inc. now owns 14,725 shares of the construction company’s stock valued at $304,000 after acquiring an additional 974 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Lyon William Homes (NYSE:WLH) last issued its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $490.34 million for the quarter, compared to analysts’ expectations of $486.57 million. Lyon William Homes had a net margin of 3.01% and a return on equity of 7.72%. Lyon William Homes’s revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share.
In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 15,450 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $22.70, for a total transaction of $350,715.00. Following the sale, the insider now owns 3,829,367 shares in the company, valued at approximately $86,926,630.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the business’s 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,424,766 shares of company stock worth $81,514,687. Corporate insiders own 21.33% of the company’s stock.
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WLH has been the topic of several analyst reports. Zacks Investment Research cut shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. reaffirmed a “buy” rating and set a $27.50 price target (up from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. BidaskClub cut shares of Lyon William Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. UBS AG initiated coverage on shares of Lyon William Homes in a research note on Wednesday, October 25th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, Zelman & Associates raised shares of Lyon William Homes from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.88.
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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