Lyon William Homes (NYSE:WLH) posted its quarterly earnings results on Tuesday. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04, Bloomberg Earnings reports. Lyon William Homes had a net margin of 3.01% and a return on equity of 7.72%. The company had revenue of $490.34 million during the quarter, compared to analyst estimates of $486.57 million. During the same period last year, the firm posted $0.34 EPS. Lyon William Homes’s revenue for the quarter was up 43.1% compared to the same quarter last year.
Lyon William Homes (WLH) opened at 25.03 on Tuesday. The stock has a market capitalization of $799.61 million, a price-to-earnings ratio of 21.54 and a beta of 1.74. The stock’s 50 day moving average is $23.49 and its 200 day moving average is $23.11. Lyon William Homes has a 12-month low of $15.60 and a 12-month high of $25.39.
A number of research firms have issued reports on WLH. BidaskClub lowered shares of Lyon William Homes from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Citigroup Inc. reissued a “buy” rating and set a $27.50 price target (up from $27.00) on shares of Lyon William Homes in a research report on Tuesday, July 18th. Zacks Investment Research lowered shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 12th. UBS AG assumed coverage on shares of Lyon William Homes in a report on Wednesday, October 25th. They set a “neutral” rating and a $25.00 target price for the company. Finally, Zelman & Associates raised shares of Lyon William Homes from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Lyon William Homes currently has a consensus rating of “Hold” and an average target price of $24.88.
In related news, major shareholder Gmt Capital Corp sold 15,450 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $22.70, for a total transaction of $350,715.00. Following the completion of the sale, the insider now directly owns 3,829,367 shares of the company’s stock, valued at $86,926,630.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary H. Hunt sold 8,500 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $22.87, for a total value of $194,395.00. Following the sale, the director now directly owns 31,798 shares of the company’s stock, valued at $727,220.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,424,766 shares of company stock valued at $81,514,687. Corporate insiders own 21.33% of the company’s stock.
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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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