JMP Securities cut shares of William Lyon Homes (NYSE:WLH) from an outperform rating to a market perform rating in a report released on Wednesday morning, The Fly reports.

WLH has been the subject of several other reports. Zacks Investment Research upgraded William Lyon Homes from a sell rating to a hold rating in a report on Saturday, October 5th. ValuEngine lowered William Lyon Homes from a sell rating to a strong sell rating in a report on Monday, November 4th. Finally, Wedbush upgraded William Lyon Homes from a neutral rating to an outperform rating and lifted their price target for the company from $20.00 to $21.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. William Lyon Homes currently has an average rating of Hold and an average price target of $19.67.

Shares of NYSE WLH opened at $19.85 on Wednesday. William Lyon Homes has a one year low of $9.85 and a one year high of $21.70. The firm has a market capitalization of $696.15 million, a PE ratio of 8.20 and a beta of 1.27. The company has a current ratio of 5.54, a quick ratio of 0.11 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average price of $20.38 and a two-hundred day moving average price of $18.95.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.07. The firm had revenue of $466.90 million during the quarter, compared to analyst estimates of $487.15 million. William Lyon Homes had a return on equity of 8.07% and a net margin of 3.75%. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. Research analysts anticipate that William Lyon Homes will post 1.49 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of William Lyon Homes by 69.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,522 shares of the construction company’s stock valued at $28,000 after buying an additional 624 shares during the last quarter. Riverhead Capital Management LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of William Lyon Homes by 68.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the construction company’s stock valued at $42,000 after acquiring an additional 846 shares in the last quarter. Tyers Asset Management LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $45,000. Finally, Elkfork Partners LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $61,000. Institutional investors and hedge funds own 83.03% of the company’s stock.

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

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