William Lyon Homes (WLH) Given Neutral Rating at UBS Group

UBS Group reaffirmed their neutral rating on shares of William Lyon Homes (NYSE:WLH) in a report published on Wednesday morning, 99wallstreet.com reports. The brokerage currently has a $33.00 target price on the construction company’s stock, up from their prior target price of $30.00.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of William Lyon Homes from a sell rating to a hold rating in a report on Saturday, January 6th. Citigroup cut shares of William Lyon Homes from a buy rating to a neutral rating and set a $35.00 price objective on the stock. in a research report on Thursday, January 4th. ValuEngine upgraded shares of William Lyon Homes from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. 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. Finally, Zelman & Associates upgraded shares of William Lyon Homes from a hold rating to a buy rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $31.50.

Shares of William Lyon Homes (WLH) traded down $0.03 during trading on Wednesday, hitting $31.99. 235,402 shares of the stock were exchanged, compared to its average volume of 396,260. William Lyon Homes has a 52-week low of $16.37 and a 52-week high of $32.95. The stock has a market capitalization of $1,020.00, a P/E ratio of 20.91 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.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. William Lyon Homes had a net margin of 3.61% and a return on equity of 9.33%. The firm had revenue of $490.34 million for the quarter, compared to the consensus estimate of $486.57 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 43.1% on a year-over-year basis. equities research analysts expect that William Lyon Homes will post 2.17 EPS for the current year.

In related news, major shareholder Gmt Capital Corp sold 26,100 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $28.82, for a total value of $752,202.00. Following the transaction, the insider now directly owns 3,731,610 shares in the company, valued at $107,545,000.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary H. Hunt sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $29.33, for a total transaction of $73,325.00. Following the completion of the transaction, the director now owns 29,298 shares in the company, valued at $859,310.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,800 shares of company stock worth $6,260,375. 21.33% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of WLH. Quantbot Technologies LP bought a new position in shares of William Lyon Homes in the second quarter worth approximately $122,000. Victory Capital Management Inc. grew its position in William Lyon Homes by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,896 shares of the construction company’s stock valued at $142,000 after acquiring an additional 884 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in William Lyon Homes by 61.9% during the second quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock valued at $164,000 after acquiring an additional 2,603 shares during the last quarter. SG Americas Securities LLC bought a new position in William Lyon Homes during the third quarter valued at approximately $193,000. Finally, Municipal Employees Retirement System of Michigan grew its position in William Lyon Homes by 60.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,860 shares of the construction company’s stock valued at $204,000 after acquiring an additional 3,330 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

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William Lyon 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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