William Lyon Homes (WLH) Trading Down 3.3%
William Lyon Homes (NYSE:WLH) shares fell 3.3% during trading on Friday . The company traded as low as $17.30 and last traded at $17.34, with a volume of 206,164 shares traded. The stock had previously closed at $17.93.
Separately, Credit Suisse Group AG restated a “buy” rating on shares of William Lyon Homes in a research note on Tuesday, June 28th.
The company has a 50-day moving average price of $16.67 and a 200 day moving average price of $14.10. The company has a market capitalization of $549.46 million and a PE ratio of 11.30.
William Lyon Homes (NYSE:WLH) last released its earnings results on Monday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The business earned $264.40 million during the quarter, compared to analyst estimates of $237.28 million. The business’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. Analysts anticipate that William Lyon Homes will post $1.98 earnings per share for the current year.
In other William Lyon Homes news, major shareholder Gmt Capital Corp bought 208,000 shares of the stock in a transaction on Tuesday, June 7th. The shares were purchased at an average price of $16.39 per share, with a total value of $3,409,120.00. Following the acquisition, the insider now directly owns 4,770,917 shares of the company’s stock, valued at approximately $78,195,329.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Other hedge funds have added to or reduced their stakes in the company. Russell Frank Co raised its stake 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 period. Bank of Montreal Can raised its stake 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 period. Alpine Woods Capital Investors LLC acquired a new stake in William Lyon Homes during the fourth quarter worth about $4,814,000. Sei Investments Co. raised its stake 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 period. Finally, Wells Fargo & Company MN raised its stake 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 period.
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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