CNA Financial Corp Sells 7,800 Shares of William Lyon Homes (NYSE:WLH)

CNA Financial Corp cut its position in shares of William Lyon Homes (NYSE:WLH) by 29.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,098 shares of the construction company’s stock after selling 7,800 shares during the period. CNA Financial Corp owned approximately 0.05% of William Lyon Homes worth $389,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in 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 worth $28,000 after acquiring an additional 624 shares during the period. Riverhead Capital Management LLC purchased a new stake in William Lyon Homes during the 2nd quarter worth approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in William Lyon Homes by 68.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the construction company’s stock worth $42,000 after buying an additional 846 shares in the last quarter. Tyers Asset Management LLC acquired a new position in shares of William Lyon Homes during the 2nd quarter worth approximately $45,000. Finally, Elkfork Partners LLC acquired a new position in shares of William Lyon Homes during the 2nd quarter worth approximately $61,000. 83.07% of the stock is owned by institutional investors.

NYSE WLH traded down $0.09 on Wednesday, reaching $20.71. The stock had a trading volume of 8,040 shares, compared to its average volume of 467,635. The firm has a market capitalization of $770.03 million, a price-to-earnings ratio of 8.55 and a beta of 1.27. The company has a quick ratio of 0.13, a current ratio of 6.01 and a debt-to-equity ratio of 1.36. William Lyon Homes has a 12-month low of $9.85 and a 12-month high of $21.70. The stock has a fifty day moving average price of $20.37 and a two-hundred day moving average price of $19.00.

William Lyon Homes (NYSE:WLH) last announced its earnings results on Wednesday, November 6th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. William Lyon Homes had a return on equity of 6.98% and a net margin of 3.04%. The company had revenue of $466.90 million for the quarter, compared to analyst estimates of $487.15 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. Sell-side analysts forecast that William Lyon Homes will post 1.49 earnings per share for the current fiscal year.

A number of analysts have issued reports on WLH shares. JMP Securities lowered William Lyon Homes from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 6th. Zacks Investment Research raised William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Wedbush raised 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 report on Tuesday, August 13th. They noted that the move was a valuation call. Finally, ValuEngine raised William Lyon Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus 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.

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

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