Swiss National Bank Purchases 4,500 Shares of William Lyon Homes (WLH)
Swiss National Bank boosted its stake in shares of William Lyon Homes (NYSE:WLH) by 12.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,000 shares of the company’s stock after buying an additional 4,500 shares during the period. Swiss National Bank owned about 0.13% of William Lyon Homes worth $677,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mesirow Financial Investment Management US Value Equity purchased a new position in shares of William Lyon Homes during the first quarter valued at $235,000. Royce & Associates LP boosted its position in William Lyon Homes by 42.9% in the first quarter. Royce & Associates LP now owns 746,141 shares of the company’s stock worth $10,812,000 after buying an additional 224,000 shares during the last quarter. Capital Growth Management LP boosted its position in William Lyon Homes by 15.4% in the first quarter. Capital Growth Management LP now owns 1,051,000 shares of the company’s stock worth $15,229,000 after buying an additional 140,000 shares during the last quarter. Covalent Partners LLC boosted its position in William Lyon Homes by 11.5% in the first quarter. Covalent Partners LLC now owns 1,697,639 shares of the company’s stock worth $24,599,000 after buying an additional 175,600 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in William Lyon Homes by 1.2% in the first quarter. Geode Capital Management LLC now owns 133,458 shares of the company’s stock worth $1,933,000 after buying an additional 1,596 shares during the last quarter.
Shares of William Lyon Homes (NYSE:WLH) traded down 4.14% during mid-day trading on Tuesday, reaching $16.67. 147,817 shares of the company’s stock were exchanged. The stock has a market cap of $528.11 million, a price-to-earnings ratio of 10.45 and a beta of 1.83. William Lyon Homes has a 52 week low of $7.61 and a 52 week high of $24.18. The stock has a 50 day moving average price of $17.20 and a 200 day moving average price of $16.15.
William Lyon Homes (NYSE:WLH) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. William Lyon Homes had a return on equity of 9.01% and a net margin of 4.98%. The business earned $325.65 million during the quarter, compared to analysts’ expectations of $297.56 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. Equities research analysts predict that William Lyon Homes will post $1.78 EPS for the current year.
A number of research analysts have commented on WLH shares. Credit Suisse Group AG reaffirmed a “buy” rating on shares of William Lyon Homes in a research report on Tuesday, June 28th. Citigroup Inc. upped their target price on shares of William Lyon Homes from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. William Lyon Homes has a consensus rating of “Hold” and a consensus target price of $20.00.
In other news, major shareholder Gmt Capital Corp purchased 62,400 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was acquired at an average price of $15.94 per share, for a total transaction of $994,656.00. Following the completion of the transaction, the insider now directly owns 4,833,317 shares in the company, valued at approximately $77,043,072.98. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 21.33% of the stock is owned by insiders.
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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