William Lyon Homes (NYSE:WLH) Upgraded at Wedbush

Share on StockTwits

Wedbush upgraded shares of William Lyon Homes (NYSE:WLH) from a neutral rating to an outperform rating in a report released on Tuesday morning, 24/7 WallStreet reports. Wedbush currently has $21.00 target price on the construction company’s stock, up from their previous target price of $20.00. The analysts noted that the move was a valuation call.

WLH has been the subject of several other research reports. ValuEngine lowered shares of William Lyon Homes from a hold rating to a sell rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of William Lyon Homes from a hold rating to a sell rating in a research note on Friday, July 5th.

NYSE:WLH opened at $17.26 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.11 and a current ratio of 5.54. The firm has a market cap of $647.72 million, a price-to-earnings ratio of 7.13 and a beta of 1.29. William Lyon Homes has a 52 week low of $9.85 and a 52 week high of $21.70. The firm has a 50-day moving average price of $18.57 and a two-hundred day moving average price of $17.13.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). The firm had revenue of $465.47 million during the quarter, compared to analysts’ expectations of $472.24 million. William Lyon Homes had a net margin of 3.75% and a return on equity of 8.07%. The company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. As a group, sell-side analysts forecast that William Lyon Homes will post 1.51 earnings per share for the current year.

Several hedge funds have recently modified their holdings of WLH. Balyasny Asset Management LLC purchased a new stake in shares of William Lyon Homes during the 2nd quarter worth approximately $13,292,000. SG Capital Management LLC purchased a new stake in shares of William Lyon Homes during the 1st quarter worth approximately $9,890,000. Deutsche Bank AG increased its stake in shares of William Lyon Homes by 294.0% during the 4th quarter. Deutsche Bank AG now owns 324,333 shares of the construction company’s stock worth $3,465,000 after purchasing an additional 242,023 shares during the last quarter. Long Pond Capital LP increased its stake in shares of William Lyon Homes by 6.5% during the 1st quarter. Long Pond Capital LP now owns 2,397,026 shares of the construction company’s stock worth $36,842,000 after purchasing an additional 146,774 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of William Lyon Homes by 6.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,074,248 shares of the construction company’s stock worth $37,813,000 after purchasing an additional 131,782 shares during the last quarter. Institutional investors own 86.99% 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, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

Further Reading: What is Call Option Volume?

Receive News & Ratings for William Lyon Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for William Lyon Homes and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SunOpta  Downgraded by Zacks Investment Research
SunOpta Downgraded by Zacks Investment Research
Zacks Investment Research Lowers Sunworks  to Sell
Zacks Investment Research Lowers Sunworks to Sell
Zacks Investment Research Lowers Surface Oncology  to Sell
Zacks Investment Research Lowers Surface Oncology to Sell
ValuEngine Lowers Vocera Communications  to Hold
ValuEngine Lowers Vocera Communications to Hold
Zacks Investment Research Lowers BlackRock TCP Capital  to Sell
Zacks Investment Research Lowers BlackRock TCP Capital to Sell
BIO-TECHNE  Cut to “Sell” at Zacks Investment Research
BIO-TECHNE Cut to “Sell” at Zacks Investment Research


© 2006-2019 Ticker Report