Brandywine Global Investment Management LLC Decreases Holdings in Lyon William Homes (WLH)
Brandywine Global Investment Management LLC reduced its stake in Lyon William Homes (NYSE:WLH) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,256 shares of the construction company’s stock after selling 144 shares during the period. Brandywine Global Investment Management LLC’s holdings in Lyon William Homes were worth $369,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of WLH. Victory Capital Management Inc. raised its holdings in shares of Lyon William Homes by 79.9% during the first quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock valued at $103,000 after buying an additional 2,226 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Lyon William Homes by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock valued at $112,000 after buying an additional 2,063 shares during the last quarter. Mason Street Advisors LLC bought a new stake in shares of Lyon William Homes during the first quarter valued at approximately $113,000. Quantbot Technologies LP bought a new stake in shares of Lyon William Homes during the second quarter valued at approximately $122,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Lyon William Homes during the second quarter valued at approximately $133,000.
WLH has been the topic of a number of recent analyst reports. Zacks Investment Research cut Lyon William Homes from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 12th. BidaskClub cut Lyon William Homes from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $27.50 price target (up previously from $27.00) on shares of Lyon William Homes in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.83.
In other news, major shareholder Gmt Capital Corp sold 1,700 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $23.38, for a total transaction of $39,746.00. Following the sale, the insider now directly owns 3,865,617 shares of the company’s stock, valued at $90,378,125.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary H. Hunt sold 8,500 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $22.87, for a total transaction of $194,395.00. Following the sale, the director now directly owns 31,798 shares in the company, valued at $727,220.26. The disclosure for this sale can be found here. Insiders have sold 3,544,366 shares of company stock worth $84,308,201 over the last ninety days. Insiders own 21.33% of the company’s stock.
Shares of Lyon William Homes (NYSE:WLH) opened at 23.23 on Wednesday. The stock’s 50 day moving average price is $23.25 and its 200-day moving average price is $22.75. The company has a market cap of $742.11 million, a PE ratio of 19.99 and a beta of 1.74. Lyon William Homes has a 12-month low of $15.60 and a 12-month high of $25.18.
Lyon William Homes (NYSE:WLH) last issued its quarterly earnings data on Monday, August 7th. The construction company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $422.69 million for the quarter, compared to analysts’ expectations of $424.86 million. Lyon William Homes had a net margin of 3.01% and a return on equity of 7.72%. 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 firm earned $0.38 earnings per share. On average, equities research analysts forecast that Lyon William Homes will post $1.96 earnings per share for the current year.
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Lyon William Homes 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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