William Lyon Homes (WLH) was Reiterated by Wedbush to “Neutral” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $23 . Wedbush advised their Clients and Investors in a research report released on Feb 21, 2017.
Based on several research reports , William Lyon Homes was Downgraded by JMP Securities to ” Mkt Perform” on Jan 12, 2017. Wedbush Initiated William Lyon Homes on Dec 6, 2016 to “Neutral”, Price Target of the shares are set at $23.
On the company’s financial health, William Lyon Homes reported $0.34 EPS for the quarter, based on the information available during the earnings call on Nov 4, 2016. Analyst had a consensus estimate of $0.34. The company had revenue of $342.63 million for the quarter, compared to analysts expectations of $339.46 million. The company’s revenue was up 37.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Several company insiders have filed Insider transactions , on Dec 16, 2015, William Lyon (Executive Chairman) purchased 6,000 shares at $15.69 per share price. According to the SEC, on Nov 19, 2015, Matthew R Zaist (CEO) purchased 6,000 shares at $16.11 per share price. On Nov 18, 2015, Gary H Hunt (director) purchased 1,840 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.
William Lyon Homes opened for trading at $17.95 and hit $18.025 on the upside on Friday, eventually ending the session at $18.01, with a gain of 0.33% or 0.06 points. The heightened volatility saw the trading volume jump to 1,97,598 shares. Company has a market cap of $571 M.
William Lyon Homes is a regional homebuilder. The Company is engaged in the design construction marketing and sale of single-family detached and attached homes in California Arizona Nevada Colorado Washington and Oregon. The Company operates in six segments: California Arizona Nevada Colorado Washington and Oregon. The Company’s core markets include Orange County Los Angeles San Diego the Inland Empire the San Francisco Bay Area Phoenix Las Vegas Denver Fort Collins Seattle and Portland. The Company has a total of around 17542 lots owned or controlled and sells homes out of around 56 selling communities. The Company builds and sells across a range of product lines with a focus on sales to entry-level first-time move-up and second-time move-up homebuyers. The Company operates in around 11 core markets across six Western states in the United States. It builds decorates furnishes and landscapes three to five model homes for each product line.