William Lyon Homes (WLH) Bond Prices Rise 0.8% Insider Trade

An issue of William Lyon Homes (NYSE:WLH) debt rose 0.8% against its face value during trading on Wednesday after an insider sold shares in the company. The debt issue has a 5.875% coupon and is set to mature on January 31, 2025. The bonds in the issue are now trading at $88.50 and were trading at $87.25 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price. Specifically, major shareholder Gmt Capital Corp sold 166,600 shares of the stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $12.17, for a total value of $2,027,522.00. Following the completion of the sale, the insider now directly owns 3,432,042 shares in the company, valued at $41,767,951.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.13% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. ValuEngine cut shares of William Lyon Homes from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Citigroup cut their price objective on shares of William Lyon Homes from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. Finally, Wedbush cut shares of William Lyon Homes from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $35.00 to $22.00 in a research report on Thursday, September 20th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. William Lyon Homes has a consensus rating of “Hold” and an average price target of $25.25.

The stock has a market capitalization of $455.31 million, a PE ratio of 5.41 and a beta of 1.51. The company has a current ratio of 6.30, a quick ratio of 0.14 and a debt-to-equity ratio of 1.52.

William Lyon Homes (NYSE:WLH) last announced its earnings results on Tuesday, October 30th. The construction company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The company had revenue of $534.70 million during the quarter, compared to analyst estimates of $568.84 million. William Lyon Homes had a net margin of 3.37% and a return on equity of 10.33%. William Lyon Homes’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. As a group, research analysts forecast that William Lyon Homes will post 2.62 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC purchased a new position in William Lyon Homes during the second quarter worth about $152,000. Jefferies Group LLC purchased a new position in William Lyon Homes during the third quarter worth about $163,000. United Services Automobile Association purchased a new position in William Lyon Homes during the third quarter worth about $163,000. SG Americas Securities LLC purchased a new position in William Lyon Homes during the second quarter worth about $193,000. Finally, Eqis Capital Management Inc. purchased a new position in William Lyon Homes during the second quarter worth about $202,000. 81.80% of the stock is owned by institutional investors.

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William Lyon Homes Company Profile (NYSE:WLH)

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.

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