Several other analysts also recently issued reports on WLH. Zacks Investment Research downgraded William Lyon Homes from a hold rating to a sell rating in a research note on Friday, July 5th. Wedbush raised William Lyon Homes from a neutral rating to an outperform rating and lifted their price target for the company from $20.00 to $21.00 in a research note on Tuesday. They noted that the move was a valuation call.
WLH opened at $17.26 on Tuesday. The business’s 50-day moving average price is $18.57 and its two-hundred day moving average price is $17.13. William Lyon Homes has a 1 year low of $9.85 and a 1 year high of $21.70. The company has a market capitalization of $647.72 million, a price-to-earnings ratio of 7.13 and a beta of 1.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.54 and a quick ratio of 0.11.
William Lyon Homes (NYSE:WLH) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). William Lyon Homes had a net margin of 3.75% and a return on equity of 8.07%. The firm had revenue of $465.47 million during the quarter, compared to analyst estimates of $472.24 million. During the same period in the prior year, the business earned $0.58 EPS. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. Sell-side analysts anticipate that William Lyon Homes will post 1.51 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Long Pond Capital LP increased its position in shares of William Lyon Homes by 3.5% in the second quarter. Long Pond Capital LP now owns 2,482,026 shares of the construction company’s stock valued at $45,247,000 after acquiring an additional 85,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of William Lyon Homes by 6.8% in the second quarter. Vanguard Group Inc. now owns 2,074,248 shares of the construction company’s stock valued at $37,813,000 after acquiring an additional 131,782 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of William Lyon Homes in the second quarter valued at about $13,292,000. SG Capital Management LLC acquired a new stake in shares of William Lyon Homes in the first quarter valued at about $9,890,000. Finally, Royce & Associates LP increased its position in shares of William Lyon Homes by 8.9% in the first quarter. Royce & Associates LP now owns 533,286 shares of the construction company’s stock valued at $8,197,000 after acquiring an additional 43,800 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.
William Lyon Homes Company Profile
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.
Further Reading: Cost of Goods Sold (COGS)
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