William Lyon Homes (NYSE:WLH) traded down 7.4% on Tuesday . The company traded as low as $24.95 and last traded at $25.04. 774,270 shares were traded during trading, an increase of 81% from the average session volume of 426,618 shares. The stock had previously closed at $27.05.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised William Lyon Homes from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Saturday. ValuEngine lowered William Lyon Homes from a “buy” rating to a “hold” rating in a research report on Friday. Wedbush upgraded William Lyon Homes from a “neutral” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Thursday, February 8th. Finally, UBS reiterated a “neutral” rating and issued a $33.00 price objective (up from $30.00) on shares of William Lyon Homes in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. William Lyon Homes currently has a consensus rating of “Hold” and a consensus target price of $32.50.
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The stock has a market cap of $1.07 billion, a P/E ratio of 12.24 and a beta of 1.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 5.10 and a quick ratio of 0.14.
William Lyon Homes (NYSE:WLH) last posted its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. William Lyon Homes had a return on equity of 10.99% and a net margin of 3.48%. The business had revenue of $373.36 million for the quarter, compared to analyst estimates of $328.28 million. During the same period last year, the company earned $0.11 EPS. The firm’s revenue was up 44.2% on a year-over-year basis. equities analysts expect that William Lyon Homes will post 3.12 EPS for the current year.
In other news, COO Brian W. Doyle sold 15,596 shares of the firm’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $28.02, for a total value of $436,999.92. Following the transaction, the chief operating officer now directly owns 166,856 shares in the company, valued at approximately $4,675,305.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.13% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in shares of William Lyon Homes in the 4th quarter worth $118,000. Capital Fund Management S.A. acquired a new stake in shares of William Lyon Homes in the 4th quarter valued at about $221,000. Teacher Retirement System of Texas acquired a new stake in shares of William Lyon Homes in the 4th quarter valued at about $274,000. First Mercantile Trust Co. acquired a new stake in shares of William Lyon Homes in the 1st quarter valued at about $281,000. Finally, Louisiana State Employees Retirement System raised its stake in shares of William Lyon Homes by 25.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the construction company’s stock valued at $349,000 after purchasing an additional 2,400 shares during the period. Institutional investors and hedge funds own 83.49% of the company’s stock.
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, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.