William Lyon Homes (NYSE:WLH) Hits New 12-Month High at $20.08

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William Lyon Homes (NYSE:WLH)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $20.08 and last traded at $19.68, with a volume of 77986 shares traded. The stock had previously closed at $19.39.

A number of equities analysts recently commented on the stock. ValuEngine upgraded shares of William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Zacks Investment Research cut shares of William Lyon Homes from a “hold” rating to a “sell” rating in a research report on Friday, July 5th. Wedbush upgraded shares of 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, JMP Securities upgraded shares of William Lyon Homes from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. William Lyon Homes has a consensus rating of “Hold” and an average target price of $19.67.

The company has a debt-to-equity ratio of 1.38, a current ratio of 5.54 and a quick ratio of 0.11. The firm’s 50 day moving average is $17.95 and its 200 day moving average is $17.55. The firm has a market cap of $678.74 million, a P/E ratio of 8.04 and a beta of 1.31.

William Lyon Homes (NYSE:WLH) last announced its earnings results on Thursday, August 1st. The construction company reported $0.31 EPS for the quarter, missing the Zacks’ 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 business had revenue of $465.47 million for the quarter, compared to analysts’ expectations of $472.24 million. During the same period in the prior year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. As a group, analysts expect that William Lyon Homes will post 1.49 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of William Lyon Homes by 69.5% in the second quarter. Public Employees Retirement System of Ohio now owns 1,522 shares of the construction company’s stock worth $28,000 after purchasing an additional 624 shares in the last quarter. Riverhead Capital Management LLC purchased a new stake in shares of William Lyon Homes in the second quarter worth $31,000. Tyers Asset Management LLC purchased a new stake in shares of William Lyon Homes in the second quarter worth $45,000. Elkfork Partners LLC purchased a new stake in shares of William Lyon Homes in the second quarter worth $61,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of William Lyon Homes in the second quarter worth $76,000. 84.54% of the stock is owned by hedge funds and other institutional investors.

William Lyon Homes Company Profile (NYSE:WLH)

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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