Beach Investment Counsel Inc. PA Acquires 10,570 Shares of Lyon William Homes (WLH)
Beach Investment Counsel Inc. PA raised its stake in shares of Lyon William Homes (NYSE:WLH) by 23.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,487 shares of the construction company’s stock after buying an additional 10,570 shares during the period. Beach Investment Counsel Inc. PA owned 0.17% of Lyon William Homes worth $1,339,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Tricadia Capital Management LLC raised its position in Lyon William Homes by 10.2% in the first quarter. Tricadia Capital Management LLC now owns 1,036,647 shares of the construction company’s stock valued at $21,376,000 after buying an additional 96,200 shares during the last quarter. Fisher Asset Management LLC raised its position in Lyon William Homes by 33.6% in the first quarter. Fisher Asset Management LLC now owns 79,179 shares of the construction company’s stock valued at $1,633,000 after buying an additional 19,900 shares during the last quarter. Sei Investments Co. raised its position in Lyon William Homes by 4.3% in the first quarter. Sei Investments Co. now owns 118,016 shares of the construction company’s stock valued at $2,433,000 after buying an additional 4,906 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Lyon William Homes during the first quarter valued at about $401,000. Finally, Algert Global LLC acquired a new position in Lyon William Homes during the first quarter valued at about $1,438,000.
Shares of Lyon William Homes (NYSE:WLH) opened at 23.71 on Friday. The stock has a market capitalization of $757.18 million, a price-to-earnings ratio of 22.33 and a beta of 1.76. The firm’s 50-day moving average is $23.36 and its 200-day moving average is $21.12. Lyon William Homes has a 52 week low of $15.21 and a 52 week high of $24.51.
Lyon William Homes (NYSE:WLH) last posted its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. The business had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $261.40 million. Lyon William Homes had a net margin of 2.90% and a return on equity of 7.35%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. Analysts forecast that Lyon William Homes will post $2.03 earnings per share for the current fiscal year.
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WLH has been the subject of several recent research reports. Zacks Investment Research lowered shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Lyon William Homes from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Citigroup Inc. restated a “buy” rating and issued a $27.50 price objective (up from $27.00) on shares of Lyon William Homes in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $22.50.
In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 20,800 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $22.74, for a total value of $472,992.00. Following the completion of the transaction, the insider now owns 3,855,380 shares of the company’s stock, valued at $87,671,341.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 623,312 shares of company stock valued at $14,460,269. Corporate insiders own 21.33% of the company’s stock.
About Lyon William Homes
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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