KBC Group NV Acquires New Stake in William Lyon Homes (WLH)
KBC Group NV acquired a new position in William Lyon Homes (NYSE:WLH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,307 shares of the construction company’s stock, valued at approximately $214,000.
Other hedge funds have also modified their holdings of the company. Arizona State Retirement System increased its stake in William Lyon Homes by 0.8% in the second quarter. Arizona State Retirement System now owns 12,300 shares of the construction company’s stock valued at $297,000 after acquiring an additional 100 shares during the last quarter. Rhumbline Advisers increased its stake in William Lyon Homes by 1.3% in the second quarter. Rhumbline Advisers now owns 46,135 shares of the construction company’s stock valued at $1,114,000 after acquiring an additional 585 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of William Lyon Homes by 6.4% during the second quarter. Thrivent Financial For Lutherans now owns 14,130 shares of the construction company’s stock valued at $341,000 after buying an additional 850 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of William Lyon Homes by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,896 shares of the construction company’s stock valued at $142,000 after buying an additional 884 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of William Lyon Homes by 0.3% during the second quarter. Northern Trust Corp now owns 300,321 shares of the construction company’s stock valued at $7,249,000 after buying an additional 924 shares during the last quarter. Institutional investors own 98.13% of the company’s stock.
Shares of William Lyon Homes (NYSE:WLH) traded up $0.15 during trading hours on Monday, hitting $28.29. The stock had a trading volume of 754,000 shares, compared to its average volume of 326,300. William Lyon Homes has a 52-week low of $16.37 and a 52-week high of $30.79. The company has a market capitalization of $901.21, a PE ratio of 14.81 and a beta of 1.81. The company has a quick ratio of 0.30, a current ratio of 10.77 and a debt-to-equity ratio of 1.33.
William Lyon Homes (NYSE:WLH) last announced its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. William Lyon Homes had a return on equity of 9.33% and a net margin of 3.61%. The firm had revenue of $490.34 million for the quarter, compared to analysts’ expectations of $486.57 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 43.1% compared to the same quarter last year. research analysts expect that William Lyon Homes will post 2.18 EPS for the current fiscal year.
A number of research analysts have recently issued reports on WLH shares. UBS started coverage on William Lyon Homes in a research note on Wednesday, October 25th. They set a “neutral” rating and a $25.00 price objective on the stock. Zelman & Associates raised William Lyon Homes from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Finally, Wedbush reaffirmed a “neutral” rating and set a $27.00 price objective (up from $22.00) on shares of William Lyon Homes in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.88.
In other news, major shareholder Gmt Capital Corp sold 26,100 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $28.82, for a total transaction of $752,202.00. Following the completion of the sale, the insider now directly owns 3,731,610 shares in the company, valued at $107,545,000.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew R. Zaist sold 25,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $28.83, for a total transaction of $720,750.00. Following the sale, the chief executive officer now owns 205,377 shares of the company’s stock, valued at $5,921,018.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,100 shares of company stock valued at $1,765,727. 21.33% of the stock is currently owned by company insiders.
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About William Lyon 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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