William Lyon Homes (NYSE:WLH) issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.05, Morningstar.com reports. The firm had revenue of $624.60 million for the quarter, compared to analyst estimates of $616.91 million. William Lyon Homes had a net margin of 2.68% and a return on equity of 10.51%. William Lyon Homes’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS.
William Lyon Homes (NYSE:WLH) traded down $0.79 during midday trading on Wednesday, reaching $26.64. 396,228 shares of the company’s stock were exchanged, compared to its average volume of 573,325. William Lyon Homes has a one year low of $18.85 and a one year high of $32.95. The company has a current ratio of 11.14, a quick ratio of 1.15 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $847.72, a price-to-earnings ratio of 21.66 and a beta of 1.95.
In other news, major shareholder Gmt Capital Corp sold 35,551 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $28.86, for a total transaction of $1,026,001.86. Following the transaction, the insider now directly owns 3,696,086 shares in the company, valued at $106,669,041.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 224,600 shares of company stock worth $6,833,845. Company insiders own 22.30% of the company’s stock.
A number of research firms have commented on WLH. Citigroup downgraded shares of William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a report on Thursday, January 4th. UBS Group restated a “neutral” rating and set a $33.00 price target (up previously from $30.00) on shares of William Lyon Homes in a report on Wednesday, January 17th. Zacks Investment Research upgraded shares of William Lyon Homes from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. ValuEngine upgraded shares of William Lyon Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Wedbush reissued a “neutral” rating and issued a $31.00 price target (up previously from $27.00) on shares of William Lyon Homes in a research report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.00.
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About William Lyon 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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