Huber Capital Management LLC cut its holdings in William Lyon Homes (NYSE:WLH) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 687,668 shares of the construction company’s stock after selling 36,360 shares during the quarter. Huber Capital Management LLC’s holdings in William Lyon Homes were worth $15,954,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. OppenheimerFunds Inc. raised its holdings in shares of William Lyon Homes by 13.2% in the second quarter. OppenheimerFunds Inc. now owns 47,815 shares of the construction company’s stock valued at $1,109,000 after purchasing an additional 5,559 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of William Lyon Homes by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,786,023 shares of the construction company’s stock valued at $64,636,000 after purchasing an additional 18,745 shares during the last quarter. BlackRock Inc. raised its holdings in shares of William Lyon Homes by 3.8% in the second quarter. BlackRock Inc. now owns 4,936,863 shares of the construction company’s stock valued at $114,535,000 after purchasing an additional 180,513 shares during the last quarter. Standard Life Aberdeen plc acquired a new stake in shares of William Lyon Homes in the second quarter valued at approximately $4,293,000. Finally, Royce & Associates LP raised its holdings in shares of William Lyon Homes by 43.6% in the second quarter. Royce & Associates LP now owns 380,641 shares of the construction company’s stock valued at $8,831,000 after purchasing an additional 115,500 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.
A number of brokerages recently weighed in on WLH. Zacks Investment Research upgraded shares of William Lyon Homes from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Wedbush set a $35.00 price objective on shares of William Lyon Homes and gave the stock an “outperform” rating in a research report on Tuesday, July 10th. ValuEngine cut shares of William Lyon Homes from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Finally, Citigroup reduced their price objective on shares of William Lyon Homes from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.50.
In other William Lyon Homes news, major shareholder Gmt Capital Corp sold 10,790 shares of William Lyon Homes stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $23.75, for a total transaction of $256,262.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.13% of the company’s stock.
WLH stock traded up $0.29 during midday trading on Wednesday, reaching $19.82. 1,092 shares of the company were exchanged, compared to its average volume of 423,278. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.77 and a quick ratio of 0.15. William Lyon Homes has a one year low of $19.27 and a one year high of $32.95. The stock has a market cap of $743.19 million, a price-to-earnings ratio of 8.85 and a beta of 1.50.
William Lyon Homes (NYSE:WLH) last released its quarterly earnings data on Tuesday, July 31st. The construction company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. William Lyon Homes had a net margin of 3.48% and a return on equity of 10.93%. The firm had revenue of $519.45 million during the quarter, compared to analysts’ expectations of $507.27 million. During the same period in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. research analysts anticipate that William Lyon Homes will post 3.07 EPS for the current fiscal year.
William Lyon Homes Company Profile
William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.
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