William Lyon Homes (NYSE:WLH) dropped 2.6% during trading on Monday . The stock traded as low as $16.88 and last traded at $16.91, with a volume of 228,513 shares trading hands. The stock had previously closed at $17.36.

A number of research analysts recently commented on the stock. Citigroup Inc. raised their price objective on shares of William Lyon Homes from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday. Credit Suisse Group AG reiterated a “buy” rating on shares of William Lyon Homes in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. William Lyon Homes presently has a consensus rating of “Hold” and a consensus price target of $20.00.

The stock has a 50-day moving average of $16.82 and a 200-day moving average of $14.34. The firm has a market cap of $535.71 million and a PE ratio of 10.60.

William Lyon Homes (NYSE:WLH) last posted its earnings results on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. During the same period in the previous year, the firm earned $0.32 EPS. The business earned $325.65 million during the quarter, compared to the consensus estimate of $297.56 million. The business’s revenue was up 27.9% compared to the same quarter last year. Equities research analysts forecast that William Lyon Homes will post $1.98 EPS 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 that occurred on Tuesday, June 7th. The shares were acquired at an average price of $16.39 per share, with a total value of $3,409,120.00. Following the completion of the purchase, the insider now directly owns 4,770,917 shares in the company, valued at approximately $78,195,329.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Other hedge funds have bought and sold shares of the company. Wells Fargo & Company MN boosted 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 last quarter. Royce & Associates LLC raised its position in 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 during the period. Finally, Alpine Woods Capital Investors LLC purchased a new position in William Lyon Homes during the fourth quarter worth approximately $4,814,000.

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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