William Lyon Homes (WLH) Trading Down 2.7%
William Lyon Homes (NYSE:WLH) shares dropped 2.7% during trading on Thursday . The stock traded as low as $16.59 and last traded at $16.78, with a volume of 144,937 shares traded. The stock had previously closed at $17.25.
WLH has been the topic of several recent research reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of William Lyon Homes in a report on Tuesday, June 28th. Citigroup Inc. boosted their price objective on William Lyon Homes from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.00.
The stock’s 50-day moving average price is $16.98 and its 200 day moving average price is $15.11. The firm has a market cap of $540.46 million and a P/E ratio of 10.70.
William Lyon Homes (NYSE:WLH) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. During the same period last year, the business posted $0.32 earnings per share. The company had revenue of $325.65 million for the quarter, compared to the consensus estimate of $297.56 million. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, analysts predict that William Lyon Homes will post $1.78 earnings per share for the current fiscal year.
In other William Lyon Homes news, major shareholder Gmt Capital Corp bought 62,400 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average cost of $15.94 per share, with a total value of $994,656.00. Following the completion of the purchase, the insider now directly owns 4,833,317 shares of the company’s stock, valued at $77,043,072.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.