William Lyon Homes (WLH) Raised to Strong-Buy at ValuEngine

ValuEngine upgraded shares of William Lyon Homes (NYSE:WLH) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.

A number of other research analysts also recently commented on WLH. UBS reiterated a neutral rating and set a $33.00 target price (up from $30.00) on shares of William Lyon Homes in a research report on Wednesday, January 17th. Citigroup downgraded William Lyon Homes from a buy rating to a neutral rating and set a $35.00 target price for the company. in a research report on Thursday, January 4th. Wedbush upgraded William Lyon Homes from a neutral rating to an outperform rating and set a $31.00 target price for the company in a research report on Thursday, February 8th. Finally, Zacks Investment Research upgraded William Lyon Homes from a sell rating to a hold rating in a research report on Saturday, January 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. William Lyon Homes presently has a consensus rating of Buy and an average target price of $32.00.

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NYSE WLH opened at $29.36 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 11.14 and a debt-to-equity ratio of 1.20. The company has a market cap of $1,064.65, a PE ratio of 13.29 and a beta of 1.53. William Lyon Homes has a one year low of $18.85 and a one year high of $32.95.

William Lyon Homes (NYSE:WLH) last posted its earnings results on Tuesday, February 20th. The construction company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $624.60 million during the quarter, compared to the consensus estimate of $616.91 million. William Lyon Homes had a return on equity of 10.51% and a net margin of 2.68%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. sell-side analysts expect that William Lyon Homes will post 3.05 EPS for the current year.

In related news, major shareholder Gmt Capital Corp sold 41,600 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $32.13, for a total value of $1,336,608.00. Following the completion of the sale, the insider now directly owns 3,529,717 shares in the company, valued at $113,409,807.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 120,600 shares of company stock valued at $3,758,869. 21.33% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of WLH. BlackRock Inc. lifted its position in William Lyon Homes by 23.0% in the fourth quarter. BlackRock Inc. now owns 4,334,168 shares of the construction company’s stock worth $126,037,000 after buying an additional 810,569 shares during the last quarter. Millennium Management LLC lifted its position in William Lyon Homes by 47.0% in the fourth quarter. Millennium Management LLC now owns 1,681,635 shares of the construction company’s stock worth $48,902,000 after buying an additional 537,674 shares during the last quarter. Renaissance Technologies LLC lifted its position in William Lyon Homes by 1,443.8% in the fourth quarter. Renaissance Technologies LLC now owns 338,100 shares of the construction company’s stock worth $9,832,000 after buying an additional 316,200 shares during the last quarter. Deutsche Bank AG lifted its position in William Lyon Homes by 650.2% in the fourth quarter. Deutsche Bank AG now owns 290,982 shares of the construction company’s stock worth $8,459,000 after buying an additional 252,196 shares during the last quarter. Finally, Capital Growth Management LP lifted its position in William Lyon Homes by 172.7% in the fourth quarter. Capital Growth Management LP now owns 300,000 shares of the construction company’s stock worth $8,724,000 after buying an additional 190,000 shares during the last quarter. Institutional investors own 82.11% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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