Barclays PLC Buys 33,660 Shares of William Lyon Homes (NYSE:WLH)

Barclays PLC raised its stake in shares of William Lyon Homes (NYSE:WLH) by 65.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,142 shares of the construction company’s stock after purchasing an additional 33,660 shares during the period. Barclays PLC’s holdings in William Lyon Homes were worth $1,733,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Long Pond Capital LP lifted its position in shares of William Lyon Homes by 3.5% during the 2nd quarter. Long Pond Capital LP now owns 2,482,026 shares of the construction company’s stock worth $45,247,000 after purchasing an additional 85,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of William Lyon Homes by 68.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the construction company’s stock worth $42,000 after buying an additional 846 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of William Lyon Homes by 5.9% during the third quarter. Rhumbline Advisers now owns 105,141 shares of the construction company’s stock worth $2,141,000 after buying an additional 5,900 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of William Lyon Homes in the second quarter valued at approximately $2,342,000. Finally, Verition Fund Management LLC bought a new stake in shares of William Lyon Homes in the second quarter valued at approximately $264,000. 83.04% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on WLH. JMP Securities downgraded shares of William Lyon Homes from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 6th. ValuEngine upgraded shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 13th. Wedbush raised William Lyon Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $20.00 to $21.00 in a research report on Tuesday, August 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded William Lyon Homes from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.67.

WLH opened at $20.69 on Friday. The stock has a market cap of $790.22 million, a PE ratio of 8.55 and a beta of 1.33. William Lyon Homes has a 1 year low of $9.85 and a 1 year high of $21.70. The company has a current ratio of 6.01, a quick ratio of 0.13 and a debt-to-equity ratio of 1.36. The stock’s 50 day simple moving average is $20.65 and its 200-day simple moving average is $19.32.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.07. William Lyon Homes had a net margin of 3.04% and a return on equity of 6.98%. The company had revenue of $466.90 million during the quarter, compared to analyst estimates of $487.15 million. During the same quarter last year, the business posted $0.68 earnings per share. The company’s revenue was down 12.7% on a year-over-year basis. Equities analysts forecast that William Lyon Homes will post 1.42 earnings per share for the current fiscal year.

About William Lyon Homes

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

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Institutional Ownership by Quarter for William Lyon Homes (NYSE:WLH)

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