Lyon William Homes (NYSE:WLH) Releases Earnings Results, Beats Expectations By $0.01 EPS
Lyon William Homes (NYSE:WLH) issued its earnings results on Monday. The construction company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01, Bloomberg Earnings reports. The business had revenue of $422.69 million during the quarter, compared to analysts’ expectations of $424.86 million. Lyon William Homes had a net margin of 2.90% and a return on equity of 7.35%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share.
Lyon William Homes (NYSE WLH) opened at 22.07 on Tuesday. The firm’s 50-day moving average is $23.36 and its 200 day moving average is $21.12. The stock has a market cap of $704.81 million, a price-to-earnings ratio of 20.78 and a beta of 1.76. Lyon William Homes has a 52 week low of $15.21 and a 52 week high of $24.51.
In other news, major shareholder Gmt Capital Corp sold 28,651 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $23.39, for a total transaction of $670,146.89. Following the completion of the transaction, the insider now owns 4,351,766 shares of the company’s stock, valued at approximately $101,787,806.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 581,344 shares of company stock valued at $13,488,290. Corporate insiders own 21.33% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its position in Lyon William Homes by 3.3% in the second quarter. Royce & Associates LP now owns 547,641 shares of the construction company’s stock worth $13,220,000 after buying an additional 17,500 shares in the last quarter. Victory Capital Management Inc. increased its position in Lyon William Homes by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,896 shares of the construction company’s stock worth $142,000 after buying an additional 884 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Lyon William Homes by 61.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock worth $164,000 after buying an additional 2,603 shares in the last quarter. Legal & General Group Plc increased its position in Lyon William Homes by 11.3% in the second quarter. Legal & General Group Plc now owns 43,033 shares of the construction company’s stock worth $1,038,000 after buying an additional 4,355 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Lyon William Homes by 1.3% in the second quarter. Rhumbline Advisers now owns 46,135 shares of the construction company’s stock worth $1,114,000 after buying an additional 585 shares in the last quarter.
A number of brokerages have recently commented on WLH. Zacks Investment Research upgraded shares of Lyon William Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub lowered shares of Lyon William Homes from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $27.50 price objective (up previously from $27.00) on shares of Lyon William Homes in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Lyon William Homes presently has a consensus rating of “Hold” and a consensus price target of $22.50.
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Lyon William Homes Company Profile
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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