Riverhead Capital Management LLC acquired a new position in William Lyon Homes (NYSE:WLH) in the second quarter, HoldingsChannel.com reports. The firm acquired 1,700 shares of the construction company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in William Lyon Homes during the 2nd quarter valued at $76,000. Bank of Montreal Can raised its stake in William Lyon Homes by 70.7% during the 2nd quarter. Bank of Montreal Can now owns 5,763 shares of the construction company’s stock valued at $106,000 after buying an additional 2,387 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in William Lyon Homes during the 1st quarter valued at $102,000. Everence Capital Management Inc. purchased a new stake in William Lyon Homes during the 1st quarter valued at $156,000. Finally, New York State Teachers Retirement System raised its stake in William Lyon Homes by 6.8% during the 1st quarter. New York State Teachers Retirement System now owns 20,705 shares of the construction company’s stock valued at $318,000 after buying an additional 1,317 shares during the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

WLH traded down $0.14 during mid-day trading on Friday, reaching $19.46. 456,444 shares of the company traded hands, compared to its average volume of 299,366. The stock has a market capitalization of $741.55 million, a P/E ratio of 9.29 and a beta of 1.31. The company has a quick ratio of 0.11, a current ratio of 5.54 and a debt-to-equity ratio of 1.38. The company’s fifty day moving average price is $17.97 and its 200-day moving average price is $17.57. William Lyon Homes has a 52-week low of $9.85 and a 52-week high of $20.08.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $465.47 million during the quarter, compared to analysts’ expectations of $472.24 million. William Lyon Homes had a return on equity of 8.07% and a net margin of 3.75%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. As a group, sell-side analysts forecast that William Lyon Homes will post 1.49 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on WLH shares. ValuEngine upgraded shares of William Lyon Homes from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. Zacks Investment Research lowered shares of William Lyon Homes from a “hold” rating to a “sell” rating in a research note on Friday, July 5th. JMP Securities upgraded shares of William Lyon Homes from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Tuesday, September 10th. Finally, Wedbush upgraded shares of William Lyon Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $20.00 to $21.00 in a research note on Tuesday, August 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. William Lyon Homes presently has an average rating of “Hold” and an average price target of $19.67.

William Lyon Homes 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, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

Featured Article: Marijuana Stocks

Want to see what other hedge funds are holding WLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for William Lyon Homes (NYSE:WLH).

Institutional Ownership by Quarter for William Lyon Homes (NYSE:WLH)

Receive News & Ratings for William Lyon Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for William Lyon Homes and related companies with MarketBeat.com's FREE daily email newsletter.