William Lyon Homes (WLH) Trading Up 5.1%
Shares of William Lyon Homes (NYSE:WLH) were up 5.1% during mid-day trading on Friday . The company traded as high as $17.04 and last traded at $16.63, with a volume of 256,463 shares trading hands. The stock had previously closed at $15.83.
Separately, Credit Suisse Group AG reaffirmed a “buy” rating on shares of William Lyon Homes in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.33.
The firm has a market cap of $527.29 million and a P/E ratio of 10.84. The stock has a 50-day moving average price of $15.91 and a 200-day moving average price of $13.83.
William Lyon Homes (NYSE:WLH) last released its quarterly earnings data on Monday, May 9th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The firm earned $264.40 million during the quarter, compared to the consensus estimate of $237.28 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 34.1% compared to the same quarter last year. On average, analysts expect that William Lyon Homes will post $1.97 EPS for the current year.
In other news, major shareholder Gmt Capital Corp acquired 436,100 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average cost of $14.30 per share, for a total transaction of $6,236,230.00. Following the completion of the acquisition, the insider now directly owns 4,562,917 shares of the company’s stock, valued at approximately $65,249,713.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
A number of institutional investors have recently made changes to their positions in WLH. Dimensional Fund Advisors LP increased its position in shares of William Lyon Homes by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,644 shares of the company’s stock worth $22,203,000 after buying an additional 235,568 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in shares of William Lyon Homes during the fourth quarter worth approximately $4,814,000. Royce & Associates LLC increased its position in shares of William Lyon Homes by 0.6% in the fourth quarter. Royce & Associates LLC now owns 522,141 shares of the company’s stock worth $8,615,000 after buying an additional 3,000 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of William Lyon Homes by 18.8% in the fourth quarter. Wells Fargo & Company MN now owns 668,822 shares of the company’s stock worth $11,036,000 after buying an additional 105,724 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of William Lyon Homes by 9.8% in the fourth quarter. Bank of Montreal Can now owns 1,367,260 shares of the company’s stock worth $22,560,000 after buying an additional 122,510 shares in the last quarter.
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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