JMP Securities cut shares of William Lyon Homes (NYSE:WLH) from an outperform rating to a market perform rating in a research report released on Wednesday morning, The Fly reports.
WLH has been the topic of several other research reports. Zacks Investment Research upgraded William Lyon Homes from a sell rating to a hold rating in a report on Saturday, October 5th. Wedbush upgraded William Lyon Homes from a neutral rating to an outperform rating and lifted their price objective for the stock from $20.00 to $21.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. Finally, ValuEngine downgraded William Lyon Homes from a sell rating to a strong sell rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $19.67.
Shares of WLH traded down $0.05 during trading hours on Wednesday, hitting $19.85. The company had a trading volume of 1,111,200 shares, compared to its average volume of 464,155. The firm has a market cap of $696.15 million, a P/E ratio of 8.20 and a beta of 1.27. The stock’s 50 day moving average price is $20.38 and its 200 day moving average price is $18.95. The company has a quick ratio of 0.11, a current ratio of 5.54 and a debt-to-equity ratio of 1.38. William Lyon Homes has a 52-week low of $9.85 and a 52-week high of $21.70.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WLH. Balyasny Asset Management LLC purchased a new position in shares of William Lyon Homes in the second quarter worth about $13,292,000. Vanguard Group Inc. grew its stake in shares of William Lyon Homes by 6.8% in the second quarter. Vanguard Group Inc. now owns 2,074,248 shares of the construction company’s stock worth $37,813,000 after purchasing an additional 131,782 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of William Lyon Homes in the second quarter worth about $2,342,000. D. E. Shaw & Co. Inc. grew its stake in shares of William Lyon Homes by 238.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 64,941 shares of the construction company’s stock worth $1,184,000 after purchasing an additional 112,014 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of William Lyon Homes by 626.4% in the second quarter. JPMorgan Chase & Co. now owns 124,752 shares of the construction company’s stock worth $2,247,000 after purchasing an additional 107,577 shares during the last quarter. Hedge funds and other institutional investors own 83.03% of the company’s stock.
About William Lyon Homes
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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