$717.77 Million in Sales Expected for William Lyon Homes (WLH) This Quarter

Brokerages predict that William Lyon Homes (NYSE:WLH) will post $717.77 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for William Lyon Homes’ earnings. The lowest sales estimate is $715.90 million and the highest is $719.63 million. William Lyon Homes posted sales of $624.64 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.9%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, February 14th.

On average, analysts expect that William Lyon Homes will report full-year sales of $2.15 billion for the current financial year, with estimates ranging from $2.14 billion to $2.15 billion. For the next financial year, analysts expect that the business will report sales of $2.28 billion, with estimates ranging from $2.17 billion to $2.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover William Lyon Homes.

Several equities analysts recently issued reports on WLH shares. Zacks Investment Research raised shares of William Lyon Homes from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 21st. Citigroup set a $15.00 target price on shares of William Lyon Homes and gave the stock a “hold” rating in a research note on Monday, November 5th.

WLH stock traded down $0.13 during trading on Friday, hitting $13.98. 262,384 shares of the stock traded hands, compared to its average volume of 504,376. William Lyon Homes has a one year low of $9.85 and a one year high of $29.81. The company has a market capitalization of $551.21 million, a P/E ratio of 6.33 and a beta of 1.77. The company has a quick ratio of 0.14, a current ratio of 6.30 and a debt-to-equity ratio of 1.52.

In related news, CEO Matthew R. Zaist bought 8,000 shares of the company’s stock in a transaction on Friday, November 16th. The stock was bought at an average cost of $11.60 per share, with a total value of $92,800.00. Following the completion of the purchase, the chief executive officer now owns 319,912 shares in the company, valued at approximately $3,710,979.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Gmt Capital Corp sold 166,600 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $12.17, for a total transaction of $2,027,522.00. Following the completion of the transaction, the insider now directly owns 3,432,042 shares of the company’s stock, valued at $41,767,951.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 308,702 shares of company stock valued at $3,719,810. Insiders own 22.13% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its stake in shares of William Lyon Homes by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 21,794 shares of the construction company’s stock worth $233,000 after acquiring an additional 848 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of William Lyon Homes by 18.5% during the fourth quarter. State of Alaska Department of Revenue now owns 11,068 shares of the construction company’s stock worth $118,000 after buying an additional 1,725 shares during the last quarter. Arizona State Retirement System raised its stake in shares of William Lyon Homes by 5.4% during the fourth quarter. Arizona State Retirement System now owns 50,724 shares of the construction company’s stock worth $542,000 after buying an additional 2,621 shares during the last quarter. Bank of Montreal Can raised its stake in shares of William Lyon Homes by 638.7% during the fourth quarter. Bank of Montreal Can now owns 4,004 shares of the construction company’s stock worth $43,000 after buying an additional 3,462 shares during the last quarter. Finally, Bowling Portfolio Management LLC raised its stake in shares of William Lyon Homes by 11.6% during the third quarter. Bowling Portfolio Management LLC now owns 35,174 shares of the construction company’s stock worth $559,000 after buying an additional 3,657 shares during the last quarter. 87.31% of the stock is owned by institutional investors.

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, 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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