Wedbush Lowers William Lyon Homes (WLH) to Neutral

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Wedbush lowered shares of William Lyon Homes (NYSE:WLH) from an outperform rating to a neutral rating in a research note issued to investors on Thursday, September 20th, Marketbeat Ratings reports. They currently have $22.00 price target on the construction company’s stock, down from their previous price target of $35.00. Wedbush also issued estimates for William Lyon Homes’ Q3 2018 earnings at $0.61 EPS and Q1 2019 earnings at $0.29 EPS.

Several other research firms have also issued reports on WLH. Zacks Investment Research lowered William Lyon Homes from a buy rating to a hold rating in a research report on Wednesday, June 6th. Citigroup decreased their target price on William Lyon Homes from $29.00 to $27.00 and set a neutral rating for the company in a research report on Wednesday, June 20th. Finally, ValuEngine lowered William Lyon Homes from a hold rating to a sell rating in a research report on Thursday, June 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $27.25.

Shares of William Lyon Homes stock traded down $0.07 during trading on Thursday, reaching $14.15. The company’s stock had a trading volume of 571,274 shares, compared to its average volume of 436,928. The stock has a market capitalization of $603.44 million, a price-to-earnings ratio of 6.40 and a beta of 1.54. William Lyon Homes has a one year low of $13.83 and a one year high of $32.95. The company has a quick ratio of 0.15, a current ratio of 5.77 and a debt-to-equity ratio of 1.47.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings data on Tuesday, July 31st. The construction company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $519.45 million during the quarter, compared to analysts’ expectations of $507.27 million. William Lyon Homes had a return on equity of 10.93% and a net margin of 3.48%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. As a group, sell-side analysts anticipate that William Lyon Homes will post 2.79 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Co. boosted its position in William Lyon Homes by 150.7% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 298,234 shares of the construction company’s stock worth $4,739,000 after acquiring an additional 179,267 shares during the last quarter. Northern Trust Corp boosted its position in William Lyon Homes by 46.9% during the 2nd quarter. Northern Trust Corp now owns 545,016 shares of the construction company’s stock worth $12,644,000 after acquiring an additional 173,948 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in William Lyon Homes by 38.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,010 shares of the construction company’s stock worth $395,000 after acquiring an additional 4,703 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in William Lyon Homes by 101.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 19,419 shares of the construction company’s stock worth $451,000 after acquiring an additional 9,767 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in William Lyon Homes by 13.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 47,815 shares of the construction company’s stock worth $1,109,000 after acquiring an additional 5,559 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

William Lyon Homes Company Profile

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.

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