William Lyon Homes (WLH) Trading 3.8% Higher
William Lyon Homes (NYSE:WLH) traded up 3.8% on Tuesday . The stock traded as high as $17.35 and last traded at $17.20, with a volume of 132,935 shares. The stock had previously closed at $16.57.
Several equities research analysts recently weighed in on the stock. Citigroup Inc. upped their price objective on shares of William Lyon Homes from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Credit Suisse Group AG reissued a “buy” rating on shares of William Lyon Homes in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.00.
The firm has a market capitalization of $543.95 million and a P/E ratio of 10.76. The firm’s 50 day moving average price is $16.94 and its 200 day moving average price is $14.77.
William Lyon Homes (NYSE:WLH) last released its quarterly earnings data on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. During the same quarter last year, the firm earned $0.32 EPS. The business had revenue of $325.65 million for the quarter, compared to the consensus estimate of $297.56 million. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, analysts anticipate that William Lyon Homes will post $1.78 earnings per share for the current fiscal year.
In other news, major shareholder Gmt Capital Corp bought 208,000 shares of the company’s 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 transaction, the insider now owns 4,770,917 shares in the company, valued at $78,195,329.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A hedge fund recently raised its stake in William Lyon Homes stock. Wells Fargo & Company MN boosted its position in shares of William Lyon Homes (NYSE:WLH) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 668,822 shares of the company’s stock after buying an additional 105,724 shares during the period. Wells Fargo & Company MN owned 2.13% of William Lyon Homes worth $11,036,000 as of its most recent filing with the SEC.
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.