Lyon William Homes (NYSE:WLH) - Equities researchers at Wedbush reduced their Q3 2017 earnings estimates for Lyon William Homes in a research report issued on Tuesday. Wedbush analyst J. Mccanless now expects that the construction company will earn $0.66 per share for the quarter, down from their previous estimate of $0.68. Wedbush also issued estimates for Lyon William Homes’ Q3 2018 earnings at $0.79 EPS and Q4 2018 earnings at $1.09 EPS.
Lyon William Homes (NYSE:WLH) last issued its quarterly earnings results on Monday, August 7th. The construction company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business 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 3.01% and a return on equity of 7.72%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS.
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Other analysts have also issued reports about the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $27.50 price objective (up from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. Zacks Investment Research lowered Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, BidaskClub lowered Lyon William Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.50.
Lyon William Homes (NYSE WLH) opened at 22.97 on Wednesday. The firm has a market cap of $733.80 million, a P/E ratio of 19.77 and a beta of 1.76. Lyon William Homes has a 12 month low of $15.21 and a 12 month high of $24.51. The company’s 50-day moving average is $23.40 and its 200 day moving average is $21.34.
In related news, major shareholder Gmt Capital Corp sold 52,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $23.44, for a total value of $1,218,880.00. Following the sale, the insider now directly owns 4,380,417 shares of the company’s stock, valued at $102,676,974.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 633,344 shares of company stock worth $14,682,944 over the last ninety days. 21.33% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in WLH. Victory Capital Management Inc. raised its stake in Lyon William Homes by 79.9% in the first quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock valued at $103,000 after buying an additional 2,226 shares during the period. State of Alaska Department of Revenue raised its stake in Lyon William Homes by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock valued at $112,000 after buying an additional 2,063 shares during the period. Mason Street Advisors LLC acquired a new stake in Lyon William Homes during the first quarter valued at $113,000. Municipal Employees Retirement System of Michigan acquired a new stake in Lyon William Homes during the second quarter valued at $133,000. Finally, BNP Paribas Arbitrage SA raised its stake in Lyon William Homes by 61.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock valued at $164,000 after buying an additional 2,603 shares during the period.
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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