SignalPoint Asset Management LLC acquired a new position in Lyon William Homes (NYSE:WLH) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,752 shares of the construction company’s stock, valued at approximately $638,000. SignalPoint Asset Management LLC owned 0.09% of Lyon William Homes at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Systematic Financial Management LP bought a new stake in shares of Lyon William Homes in the 2nd quarter worth approximately $3,170,000. Louisiana State Employees Retirement System bought a new stake in shares of Lyon William Homes in the 2nd quarter worth approximately $232,000. Prudential Financial Inc. bought a new stake in shares of Lyon William Homes in the 1st quarter worth approximately $819,000. Bank of America Corp DE lifted its position in shares of Lyon William Homes by 176.6% in the 1st quarter. Bank of America Corp DE now owns 38,365 shares of the construction company’s stock worth $791,000 after acquiring an additional 24,496 shares during the period. Finally, American International Group Inc. lifted its position in shares of Lyon William Homes by 7.1% in the 1st quarter. American International Group Inc. now owns 14,725 shares of the construction company’s stock worth $304,000 after acquiring an additional 974 shares during the period. Institutional investors own 98.75% of the company’s stock.
In related news, major shareholder Gmt Capital Corp sold 36,550 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.09, for a total value of $843,939.50. Following the completion of the sale, the insider now directly owns 3,792,817 shares in the company, valued at $87,576,144.53. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary H. Hunt sold 8,500 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $22.87, for a total value of $194,395.00. Following the completion of the sale, the director now 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 quarter, insiders sold 3,424,766 shares of company stock valued at $81,514,687. 21.33% of the stock is currently owned by corporate insiders.
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Lyon William Homes (NYSE:WLH) last issued its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $490.34 million during the quarter, compared to analysts’ expectations of $486.57 million. Lyon William Homes had a return on equity of 9.33% and a net margin of 3.61%. The firm’s revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share.
A number of analysts have commented on WLH shares. UBS AG started coverage on Lyon William Homes in a research report on Wednesday, October 25th. They issued a “neutral” rating and a $25.00 price objective for the company. Zacks Investment Research downgraded Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 12th. BidaskClub downgraded Lyon William Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Wedbush reiterated 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. Finally, Zelman & Associates upgraded Lyon William Homes from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Lyon William Homes presently has a consensus rating of “Hold” and a consensus price target of $27.88.
About Lyon William 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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