William Lyon Homes (NYSE:WLH) was down 1.6% on Friday . The stock traded as low as $16.60 and last traded at $16.74, with a volume of 64,319 shares. The stock had previously closed at $17.01.

Several equities research analysts recently weighed in on WLH shares. Citigroup Inc. lifted their price objective on 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 restated a “buy” rating on shares of William Lyon Homes in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.00.

The company has a market capitalization of $533.17 million and a price-to-earnings ratio of 10.55. The company has a 50-day moving average of $17.01 and a 200 day moving average of $14.80.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $325.65 million for the quarter, compared to the consensus estimate of $297.56 million. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. Analysts expect that William Lyon Homes will post $1.78 earnings per share for the current year.

In other William Lyon Homes news, major shareholder Gmt Capital Corp purchased 208,000 shares of the stock in a transaction dated Tuesday, June 7th. The shares were purchased at an average cost of $16.39 per share, with a total value of $3,409,120.00. Following the completion of the acquisition, the insider now directly owns 4,770,917 shares in the company, valued at approximately $78,195,329.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

An institutional investor recently raised its position in William Lyon Homes stock. Schwab Charles Investment Management Inc. raised its position in shares of William Lyon Homes (NYSE:WLH) by 14.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,704 shares of the company’s stock after buying an additional 8,541 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.22% of William Lyon Homes worth $1,118,000 as of its most recent SEC filing.

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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