Lyon William Homes (NYSE:WLH) announced its quarterly earnings data on Monday. The construction company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01, Bloomberg Earnings reports. The firm had revenue of $422.69 million for the quarter, compared to the consensus estimate of $424.86 million. Lyon William Homes had a net margin of 2.90% and a return on equity of 7.35%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS.
Lyon William Homes (NYSE WLH) opened at 22.07 on Tuesday. The company’s 50-day moving average is $23.36 and its 200 day moving average is $21.12. Lyon William Homes has a 1-year low of $15.21 and a 1-year high of $24.51. The stock has a market capitalization of $704.81 million, a PE ratio of 20.78 and a beta of 1.76.
Several analysts have recently commented on WLH shares. Citigroup Inc. restated a “buy” rating and set a $27.50 price objective (up from $27.00) on shares of Lyon William Homes in a research report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Lyon William Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Lyon William Homes currently has an average rating of “Hold” and an average price target of $22.50.
In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 28,651 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $23.39, for a total transaction of $670,146.89. Following the completion of the transaction, the insider now directly owns 4,351,766 shares in the company, valued at $101,787,806.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 581,344 shares of company stock valued at $13,488,290 over the last 90 days. 21.33% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. Tricadia Capital Management LLC boosted its position in Lyon William Homes by 10.2% in the first quarter. Tricadia Capital Management LLC now owns 1,036,647 shares of the construction company’s stock worth $21,376,000 after buying an additional 96,200 shares in the last quarter. Fisher Asset Management LLC boosted its position in Lyon William Homes by 33.6% in the first quarter. Fisher Asset Management LLC now owns 79,179 shares of the construction company’s stock worth $1,633,000 after buying an additional 19,900 shares in the last quarter. Sei Investments Co. boosted its position in Lyon William Homes by 4.3% in the first quarter. Sei Investments Co. now owns 118,016 shares of the construction company’s stock worth $2,433,000 after buying an additional 4,906 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Lyon William Homes during the first quarter worth $401,000. Finally, Algert Global LLC bought a new position in Lyon William Homes during the first quarter worth $1,438,000.
About Lyon William Homes
William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.
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