Today’s Price Action: William Lyon Homes Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Today's Price Action: William Lyon Homes Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of William Lyon Homes (NYSE:WLH) hit a new 52-week high and has $21.41 target or 7.00% above today’s $20.01 share price. The 5 months bullish chart indicates low risk for the $651.97M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $21.41 price target is reached, the company will be worth $45.64 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 331,359 shares traded hands. William Lyon Homes (NYSE:WLH) has risen 28.31% since April 21, 2016 and is uptrending. It has outperformed by 22.98% the S&P500.

Analysts await William Lyon Homes (NYSE:WLH) to report earnings on February, 23. They expect $0.65 EPS, down 4.41% or $0.03 from last year’s $0.68 per share. WLH’s profit will be $21.18 million for 7.70 P/E if the $0.65 EPS becomes a reality. After $0.34 actual EPS reported by William Lyon Homes for the previous quarter, Wall Street now forecasts 91.18% EPS growth.

According to Zacks Investment Research, “William Lyon Homes is primarily engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada and Colorado. The Company conducts its homebuilding operations through five reportable operating segments: Southern California, Northern California, Arizona, Nevada and Colorado through the Village Homes brand. William Lyon Homes is headquartered in Newport Beach, California.”

More notable recent William Lyon Homes (NYSE:WLH) news were published by: Wsj.com which released: “William Lyon Homes to Buy Polygon, Expand Footprint” on June 23, 2014, also Businesswire.com with their article: “William Lyon Homes Reports Third Quarter 2016 Results” published on November 04, 2016, Ocbj.com published: “William Lyon Homes Makes Management Changes” on March 22, 2016. More interesting news about William Lyon Homes (NYSE:WLH) were released by: Businesswire.com and their article: “William Lyon Homes To Report First Quarter 2016 Financial Results” published on April 14, 2016 as well as Reuters.com‘s news article titled: “BRIEF-William Lyon Homes reports Q3 earnings per share $0.34” with publication date: November 04, 2016.

WLH Company Profile

William Lyon Homes, Inc., incorporated on August 25, 1987, is a homebuilding company. The Firm is primarily engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington and Oregon. The Company’s core markets include Orange County, Los Angeles, San Diego, the San Francisco Bay Area, Phoenix, Las Vegas, Denver, Seattle and Portland.

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