Lyon William Homes (WLH) Given New $30.00 Price Target at UBS AG

Lyon William Homes (NYSE:WLH) had its target price lifted by analysts at UBS AG from $25.00 to $30.00 in a note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the construction company’s stock. UBS AG’s price objective suggests a potential upside of 8.11% from the stock’s current price.

Several other equities research analysts have also recently weighed in on WLH. Zacks Investment Research cut shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating and issued a $27.50 price objective (up previously from $27.00) on shares of Lyon William Homes in a research report on Tuesday, July 18th. BidaskClub cut shares of Lyon William Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zelman & Associates upgraded shares of Lyon William Homes from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Wedbush restated a “neutral” rating and issued a $27.00 price objective (up previously from $22.00) on shares of Lyon William Homes in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.88.

Lyon William Homes (NYSE:WLH) last posted its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $490.34 million during the quarter, compared to analysts’ expectations of $486.57 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 43.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS.

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In other news, major shareholder Gmt Capital Corp sold 15,450 shares of Lyon William Homes stock in a transaction that occurred on Monday, August 7th. The shares were 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 owns 3,829,367 shares in the company, valued at approximately $86,926,630.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary H. Hunt sold 8,500 shares of Lyon William Homes stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $22.87, for a total transaction of $194,395.00. Following the sale, the director now owns 31,798 shares of the company’s stock, valued at approximately $727,220.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,424,766 shares of company stock valued at $81,514,687. 21.33% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Systematic Financial Management LP acquired a new stake in shares of Lyon William Homes during the 2nd quarter worth approximately $3,170,000. Louisiana State Employees Retirement System acquired a new stake in shares of Lyon William Homes during the 2nd quarter worth approximately $232,000. Prudential Financial Inc. acquired a new stake in shares of Lyon William Homes during the 1st quarter worth approximately $819,000. Bank of America Corp DE grew its position in shares of Lyon William Homes by 176.6% during the 1st quarter. Bank of America Corp DE now owns 38,365 shares of the construction company’s stock worth $791,000 after buying an additional 24,496 shares during the period. Finally, American International Group Inc. grew its position in shares of Lyon William Homes by 7.1% during the 1st quarter. American International Group Inc. now owns 14,725 shares of the construction company’s stock worth $304,000 after buying an additional 974 shares during the period. Institutional investors own 98.75% of the company’s stock.

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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