Wedbush Upgrades William Lyon Homes (NYSE:WLH) to “Outperform”

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

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered William Lyon Homes from a hold rating to a sell rating in a research report on Friday, July 5th. ValuEngine lowered William Lyon Homes from a hold rating to a sell rating in a research report on Thursday, August 1st.

William Lyon Homes stock opened at $17.68 on Tuesday. The stock’s 50 day moving average price is $18.56 and its 200 day moving average price is $17.13. The firm has a market capitalization of $678.35 million, a PE ratio of 7.31 and a beta of 1.29. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.11 and a current ratio of 5.54. William Lyon Homes has a one year low of $9.85 and a one year high of $21.70.



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

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its position in shares of William Lyon Homes by 69.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,522 shares of the construction company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Riverhead Capital Management LLC acquired a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $31,000. Versant Capital Management Inc raised its position in shares of William Lyon Homes by 843.2% in the 1st quarter. Versant Capital Management Inc now owns 2,094 shares of the construction company’s stock valued at $32,000 after purchasing an additional 1,872 shares in the last quarter. Tyers Asset Management LLC acquired a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $45,000. Finally, Elkfork Partners LLC acquired a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $61,000. 86.99% of the stock is currently owned by institutional investors.

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.

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