Northern Trust Corp raised its position in shares of Lyon William Homes (NYSE:WLH) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,321 shares of the construction company’s stock after buying an additional 924 shares during the quarter. Northern Trust Corp owned about 0.94% of Lyon William Homes worth $7,249,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Systematic Financial Management LP acquired a new stake in Lyon William Homes during the second quarter valued at approximately $3,170,000. Louisiana State Employees Retirement System acquired a new stake in shares of Lyon William Homes during the 2nd quarter worth approximately $232,000. Bank of America Corp DE raised its position in shares of Lyon William Homes by 176.6% during the 1st quarter. Bank of America Corp DE now owns 38,365 shares of the construction company’s stock worth $791,000 after purchasing an additional 24,496 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Lyon William Homes during the 1st quarter worth approximately $819,000. Finally, American International Group Inc. raised its position in shares of Lyon William Homes by 7.1% during the 1st quarter. American International Group Inc. now owns 14,725 shares of the construction company’s stock worth $304,000 after purchasing an additional 974 shares during the period. Hedge funds and other institutional investors own 99.22% of the company’s stock.
Shares of Lyon William Homes (WLH) opened at $28.28 on Friday. The company has a current ratio of 10.77, a quick ratio of 0.30 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $903.70, a P/E ratio of 14.81 and a beta of 1.79. Lyon William Homes has a 1 year low of $16.37 and a 1 year high of $29.94.
Lyon William Homes (NYSE:WLH) last issued its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Lyon William Homes had a return on equity of 9.33% and a net margin of 3.61%. The business had revenue of $490.34 million during the quarter, compared to analyst estimates of $486.57 million. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 43.1% compared to the same quarter last year. research analysts predict that Lyon William Homes will post 2.18 earnings per share for the current fiscal year.
In related news, Director Gary H. Hunt sold 8,500 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $22.87, for a total value of $194,395.00. Following the completion of the transaction, the director now directly owns 31,798 shares of the company’s stock, valued at approximately $727,220.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $23.81, for a total value of $79,112,677.46. The disclosure for this sale can be found here. Insiders sold a total of 3,372,766 shares of company stock valued at $80,320,032 over the last three months. Corporate insiders own 21.33% of the company’s stock.
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A number of analysts have recently weighed in on WLH shares. Zelman & Associates upgraded Lyon William Homes from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Citigroup Inc. reiterated a “buy” rating and set a $27.50 price target (up from $27.00) on shares of Lyon William Homes in a research report on Tuesday, July 18th. Zacks Investment Research cut Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub cut Lyon William Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, UBS AG increased their price target on Lyon William Homes from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Lyon William Homes presently has a consensus rating of “Hold” and an average price target of $27.88.
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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