William Lyon Homes (NYSE:WLH) Reaches New 52-Week High at $20.08

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

Several research firms recently commented on WLH. Wedbush raised shares of William Lyon Homes from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $20.00 to $21.00 in a research note on Tuesday, August 13th. They noted that the move was a valuation call. ValuEngine raised shares of William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Zacks Investment Research downgraded shares of William Lyon Homes from a “hold” rating to a “sell” rating in a research report on Friday, July 5th. Finally, JMP Securities raised shares of William Lyon Homes from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Tuesday. One equities 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.67.

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



William Lyon Homes (NYSE:WLH) last posted its earnings results on Thursday, August 1st. The construction company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The business had revenue of $465.47 million for 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 revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. Analysts expect that William Lyon Homes will post 1.49 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew 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 worth $28,000 after buying an additional 624 shares during the last quarter. Riverhead Capital Management LLC purchased a new position in shares of William Lyon Homes in the 2nd quarter worth approximately $31,000. Tyers Asset Management LLC purchased a new position in shares of William Lyon Homes in the 2nd quarter worth approximately $45,000. Elkfork Partners LLC purchased a new position in shares of William Lyon Homes in the 2nd quarter worth approximately $61,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of William Lyon Homes in the 2nd quarter worth approximately $76,000. 84.54% of the stock is currently owned by institutional investors and hedge funds.

About William Lyon Homes (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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