William Lyon Homes (WLH) Stock Rating Upgraded by Wedbush

William Lyon Homes (NYSE:WLH) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, Marketbeat reports. The firm currently has a $31.00 price target on the construction company’s stock. Wedbush’s price target points to a potential upside of 21.05% from the company’s current price.

Other equities analysts have also issued research reports about the stock. UBS Group reaffirmed a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of William Lyon Homes in a research report on Wednesday, January 17th. Zacks Investment Research raised William Lyon Homes from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Citigroup cut William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research note on Thursday, January 4th. ValuEngine upgraded William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Zelman & Associates upgraded William Lyon Homes from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $29.50.

William Lyon Homes (NYSE:WLH) traded down $0.38 during mid-day trading on Thursday, hitting $25.61. 201,352 shares of the company traded hands, compared to its average volume of 433,412. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.30 and a current ratio of 10.77. The firm has a market capitalization of $840.05, a PE ratio of 16.97 and a beta of 1.64. William Lyon Homes has a twelve month low of $16.94 and a twelve month high of $32.95.

In other William Lyon Homes news, CEO Matthew R. Zaist sold 25,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $28.83, for a total transaction of $720,750.00. Following the transaction, the chief executive officer now owns 205,377 shares in the company, valued at approximately $5,921,018.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Gmt Capital Corp sold 26,100 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $28.82, for a total value of $752,202.00. Following the transaction, the insider now owns 3,731,610 shares in the company, valued at approximately $107,545,000.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 285,700 shares of company stock worth $8,599,572. 21.33% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of WLH. KBC Group NV raised its position in shares of William Lyon Homes by 179.1% during the fourth quarter. KBC Group NV now owns 25,975 shares of the construction company’s stock worth $755,000 after acquiring an additional 16,668 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of William Lyon Homes in the 4th quarter worth about $274,000. Fisher Asset Management LLC boosted its holdings in shares of William Lyon Homes by 8.8% in the 4th quarter. Fisher Asset Management LLC now owns 124,882 shares of the construction company’s stock worth $3,632,000 after purchasing an additional 10,141 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of William Lyon Homes by 9.1% in the 4th quarter. Texas Permanent School Fund now owns 18,815 shares of the construction company’s stock worth $547,000 after purchasing an additional 1,563 shares in the last quarter. Finally, James Investment Research Inc. purchased a new position in shares of William Lyon Homes in the 4th quarter worth about $908,000. Hedge funds and other institutional investors own 96.73% 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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