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

Wedbush upgraded shares of William Lyon Homes (NYSE:WLH) from a neutral rating to an outperform rating in a research note released on Tuesday morning, 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 analysts have also recently issued reports about the company. ValuEngine cut William Lyon Homes from a hold rating to a sell rating in a research report on Thursday, August 1st. Zacks Investment Research cut William Lyon Homes from a hold rating to a sell rating in a research report on Friday, July 5th.

Shares of WLH opened at $17.94 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.11 and a current ratio of 5.54. The stock has a 50 day moving average of $18.58. William Lyon Homes has a 52 week low of $9.85 and a 52 week high of $21.70. The company has a market cap of $652.26 million, a PE ratio of 7.41 and a beta of 1.29.

William Lyon Homes (NYSE:WLH) last issued its quarterly 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). William Lyon Homes had a return on equity of 8.07% and a net margin of 3.75%. The company had revenue of $465.47 million during the quarter, compared to the consensus estimate of $472.24 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. As a group, sell-side analysts forecast that William Lyon Homes will post 1.51 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Long Pond Capital LP lifted its holdings in shares of William Lyon Homes by 3.5% in the 2nd quarter. Long Pond Capital LP now owns 2,482,026 shares of the construction company’s stock valued at $45,247,000 after acquiring an additional 85,000 shares during the last quarter. Meadow Creek Investment Management LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at about $78,000. Glen Harbor Capital Management LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at about $95,000. Tyers Asset Management LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at about $45,000. Finally, Elkfork Partners LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at about $61,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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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