William Lyon Homes (WLH) Stock Price Down 6.7%

William Lyon Homes (NYSE:WLH)’s share price dropped 6.7% during trading on Thursday . The company traded as low as $24.14 and last traded at $24.26. Approximately 1,079,877 shares changed hands during trading, an increase of 131% from the average daily volume of 467,332 shares. The stock had previously closed at $25.99.

A number of equities research analysts have recently issued reports on the company. UBS Group assumed coverage on William Lyon Homes in a research report on Wednesday, October 25th. They issued a “neutral” rating and a $25.00 price target for the company. Zacks Investment Research upgraded William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine upgraded William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush upgraded William Lyon Homes from a “neutral” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Thursday. Finally, Citigroup lowered William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. William Lyon Homes currently has an average rating of “Hold” and an average price target of $31.50.

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 stock has a market capitalization of $771.98, a PE ratio of 15.86 and a beta of 1.96.

In other 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 stock was sold at an average price of $28.82, for a total value of $752,202.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew R. Zaist sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were 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 owns 205,377 shares of the company’s stock, valued at $5,921,018.91. The disclosure for this sale can be found here. Insiders sold 285,700 shares of company stock valued at $8,599,572 over the last 90 days. Company insiders own 21.33% of the company’s stock.

A number of institutional investors have recently modified their holdings of WLH. Schwab Charles Investment Management Inc. grew its position in William Lyon Homes by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 121,964 shares of the construction company’s stock worth $2,945,000 after acquiring an additional 1,177 shares during the period. Alliancebernstein L.P. grew its position in William Lyon Homes by 113.1% in the second quarter. Alliancebernstein L.P. now owns 27,293 shares of the construction company’s stock worth $659,000 after acquiring an additional 14,483 shares during the period. Thrivent Financial For Lutherans grew its position in William Lyon Homes by 6.4% in the second quarter. Thrivent Financial For Lutherans now owns 14,130 shares of the construction company’s stock worth $341,000 after acquiring an additional 850 shares during the period. New York State Common Retirement Fund grew its position in William Lyon Homes by 441.1% in the second quarter. New York State Common Retirement Fund now owns 138,535 shares of the construction company’s stock worth $3,344,000 after acquiring an additional 112,934 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new position in William Lyon Homes in the second quarter worth approximately $210,000. 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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