William Lyon Homes (WLH) Sees Unusually-High Trading Volume
William Lyon Homes (NYSE:WLH) shares saw unusually-high trading volume on Monday . Approximately 1,108,313 shares changed hands during trading, an increase of 189% from the previous session’s volume of 384,030 shares.The stock last traded at $17.35 and had previously closed at $16.65.
Separately, Credit Suisse Group AG reaffirmed a “buy” rating on shares of William Lyon Homes in a report on Tuesday, June 28th. One investment 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. The stock currently has a consensus rating of “Hold” and an average target price of $22.33.
The stock has a 50-day moving average price of $16.06 and a 200-day moving average price of $13.81. The stock has a market cap of $549.46 million and a PE ratio of 11.30.
William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. During the same quarter in the previous year, the business posted $0.18 earnings per share. The firm had revenue of $264.40 million for the quarter, compared to the consensus estimate of $237.28 million. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. On average, equities research analysts anticipate that William Lyon Homes will post $1.97 EPS for the current year.
In other news, major shareholder Gmt Capital Corp acquired 208,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was acquired at an average cost of $16.39 per share, for a total transaction of $3,409,120.00. Following the completion of the acquisition, the insider now owns 4,770,917 shares in the company, valued at $78,195,329.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several hedge funds and institutional investors have recently bought and sold shares of WLH. Russell Frank Co increased its position in William Lyon Homes by 115.4% in the fourth quarter. Russell Frank Co now owns 303,586 shares of the company’s stock worth $4,991,000 after buying an additional 162,631 shares during the last quarter. Sei Investments Co. increased its position in William Lyon Homes by 12,176.5% in the fourth quarter. Sei Investments Co. now owns 119,941 shares of the company’s stock worth $1,979,000 after buying an additional 118,964 shares during the last quarter. LSV Asset Management purchased a new position in William Lyon Homes during the fourth quarter worth about $1,809,000. Bank of Montreal Can increased its position in 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 during the last quarter. Finally, Wells Fargo & Company MN increased its position in 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 during 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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