William Lyon Homes (WLH) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of William Lyon Homes (NYSE:WLH) from a sell rating to a hold rating in a report published on Saturday.

According to Zacks, “William Lyon Homes is primarily engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada and Colorado. The Company conducts its homebuilding operations through five reportable operating segments: Southern California, Northern California, Arizona, Nevada and Colorado through the Village Homes brand. William Lyon Homes is headquartered in Newport Beach, California. “

A number of other equities analysts also recently commented on WLH. Citigroup downgraded shares of William Lyon Homes from a buy rating to a neutral rating and set a $35.00 price objective for the company. in a research report on Thursday, January 4th. ValuEngine upgraded shares of William Lyon Homes from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Wedbush restated a neutral rating and set a $27.00 price objective (up previously from $22.00) on shares of William Lyon Homes in a research report on Wednesday, November 1st. UBS Group upped their price objective on shares of William Lyon Homes from $25.00 to $30.00 and gave the stock a neutral rating in a research report on Wednesday, November 1st. Finally, Zelman & Associates upgraded shares of William Lyon 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, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $30.75.

Shares of William Lyon Homes (NYSE WLH) opened at $30.70 on Friday. William Lyon Homes has a 12-month low of $16.37 and a 12-month high of $32.95. The company has a market cap of $976.91, a price-to-earnings ratio of 20.07 and a beta of 2.14. The company has a debt-to-equity ratio of 1.33, a current ratio of 10.77 and a quick ratio of 0.30.

William Lyon Homes (NYSE:WLH) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. William Lyon Homes had a net margin of 3.61% and a return on equity of 9.33%. The firm had revenue of $490.34 million during the quarter, compared to the consensus estimate of $486.57 million. During the same quarter in the prior year, the firm earned $0.34 EPS. William Lyon Homes’s revenue for the quarter was up 43.1% on a year-over-year basis. equities analysts forecast that William Lyon Homes will post 2.17 earnings per share for the current year.

In other news, major shareholder Gmt Capital Corp sold 31,200 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $30.99, for a total transaction of $966,888.00. Following the transaction, the insider now directly owns 3,616,017 shares of the company’s stock, valued at approximately $112,060,366.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew R. Zaist sold 25,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $28.83, for a total transaction of $720,750.00. Following the transaction, the chief executive officer now directly owns 205,377 shares in the company, valued at $5,921,018.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,100 shares of company stock valued at $4,840,703. 22.30% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D grew its stake in William Lyon Homes by 20.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the construction company’s stock valued at $1,379,000 after acquiring an additional 10,000 shares during the last quarter. Phoenix Investment Adviser LLC acquired a new stake in William Lyon Homes in the 3rd quarter valued at about $552,000. Dynamic Technology Lab Private Ltd acquired a new stake in William Lyon Homes in the 3rd quarter valued at about $754,000. Capital Growth Management LP acquired a new stake in William Lyon Homes in the 3rd quarter valued at about $2,529,000. Finally, Vanguard Group Inc. grew its stake in William Lyon Homes by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,293,392 shares of the construction company’s stock valued at $31,223,000 after acquiring an additional 70,240 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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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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