American International Group Inc. raised its position in shares of Lyon William Homes (NYSE:WLH) by 7.1% during the first quarter, Holdings Channel reports. The institutional investor owned 14,725 shares of the construction company’s stock after buying an additional 974 shares during the period. American International Group Inc.’s holdings in Lyon William Homes were worth $304,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Lyon William Homes by 31.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,875,555 shares of the construction company’s stock worth $35,692,000 after buying an additional 447,805 shares in the last quarter. State Street Corp increased its position in shares of Lyon William Homes by 63.5% in the fourth quarter. State Street Corp now owns 756,041 shares of the construction company’s stock worth $14,386,000 after buying an additional 293,501 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Lyon William Homes by 21.7% in the first quarter. Bank of New York Mellon Corp now owns 1,206,476 shares of the construction company’s stock worth $24,878,000 after buying an additional 215,105 shares in the last quarter. Falcon Point Capital LLC increased its position in shares of Lyon William Homes by 35.1% in the first quarter. Falcon Point Capital LLC now owns 798,813 shares of the construction company’s stock worth $16,472,000 after buying an additional 207,568 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Lyon William Homes during the fourth quarter worth $2,679,000.
Lyon William Homes (NYSE WLH) opened at 23.42 on Friday. The firm has a 50-day moving average price of $23.24 and a 200-day moving average price of $20.82. Lyon William Homes has a 52 week low of $15.21 and a 52 week high of $24.51. The stock has a market cap of $747.92 million, a P/E ratio of 22.05 and a beta of 1.79.
Lyon William Homes (NYSE:WLH) last released its earnings results on Tuesday, May 9th. The construction company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. The firm had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $261.40 million. Lyon William Homes had a return on equity of 7.35% and a net margin of 2.90%. The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. On average, equities research analysts predict that Lyon William Homes will post $2.03 EPS for the current year.
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A number of research analysts have recently weighed in on WLH shares. Zacks Investment Research upgraded Lyon William Homes from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub downgraded Lyon William Homes from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup Inc. reiterated a “buy” rating and set a $27.50 price target (up previously from $27.00) on shares of Lyon William Homes in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Lyon William Homes has a consensus rating of “Hold” and a consensus target price of $22.50.
In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 16,200 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $23.87, for a total transaction of $386,694.00. Following the completion of the transaction, the insider now owns 3,948,217 shares in the company, valued at approximately $94,243,939.79. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 654,512 shares of company stock valued at $15,050,660. Corporate insiders own 21.33% of the company’s stock.
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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