William Lyon Homes (WLH) Trading Down 2.7%
William Lyon Homes (NYSE:WLH) shares dropped 2.7% on Thursday . The company traded as low as $16.59 and last traded at $16.78, with a volume of 144,937 shares. The stock had previously closed at $17.25.
WLH has been the topic of a number of recent analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of William Lyon Homes in a report on Tuesday, June 28th. Citigroup Inc. upped 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.00.
The stock has a market cap of $534.44 million and a P/E ratio of 10.58. The firm’s 50 day moving average is $17.01 and its 200-day moving average is $15.08.
William Lyon Homes (NYSE:WLH) last released its earnings results on Friday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $325.65 million for the quarter, compared to the consensus estimate of $297.56 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s quarterly revenue was up 27.9% on a year-over-year basis. On average, equities research analysts forecast that William Lyon Homes will post $1.78 EPS for the current fiscal year.
In other news, major shareholder Gmt Capital Corp bought 208,000 shares of William Lyon Homes stock in a transaction on Tuesday, June 7th. The shares were bought 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 in the company, valued at approximately $78,195,329.63. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A hedge fund recently raised its stake in William Lyon Homes stock. Wells Fargo & Company MN increased its stake in William Lyon Homes (NYSE:WLH) by 18.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.
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