William Lyon HomesNYSE
Fri, Nov. 4, 6:54 AM
Tue, Nov. 1, 9:59 AM
- Discussions about homebuilding M&A have been picking up of late, says analyst Will Randow, and he expects the next deal will likely be one public company acquiring another, rather than a smaller private player.
- "Aside from the normal benefits of M&A, we believe larger public builders may be more inclined to acquire the young (i.e. smaller public) given the slower paced recovery environment that exhibits lower pricing power," says Randow, who picks D.R. Horton (NYSE:DHI) as best-positioned to be a buyer.
- Other possible acquirers include: KB Home (NYSE:KBH), Meritage (NYSE:MTH), PulteGroup (NYSE:PHM), Toll Brothers (NYSE:TOL), and TRI Pointe (NYSE:TPH).
- Potential targets: Century Communities (NYSE:CCS), Green Brick Partners (NASDAQ:GRBK), M.D.C. Homes (NYSE:MDC), Meritage (also on the buyer list), New Home (NYSE:NWHM), Taylor Morrison (NYSE:TMHC), UCP, William Lyon (NYSE:WLH).
- Randow's top accretive scenario ... TRI Pointe buying William Lyon.
Fri, Aug. 5, 6:59 AM
Mon, May 9, 6:48 AM
- William Lyon Homes (NYSE:WLH): Q1 EPS of $0.24 beats by $0.04.
- Revenue of $264.43M (+34.1% Y/Y) beats by $27.15M.
Thu, Feb. 25, 12:48 PM
Thu, Feb. 25, 6:58 AM
- William Lyon Homes (NYSE:WLH): Q4 EPS of $0.68 beats by $0.06.
- Revenue of $402.98M (+11.9% Y/Y) misses by $13.28M.
Nov. 6, 2015, 7:01 AM
- William Lyon Homes (NYSE:WLH): Q3 EPS of $0.31 misses by $0.06.
- Revenue of $251.71M (+21.7% Y/Y) misses by $37.34M.
Nov. 5, 2015, 5:30 PM
Aug. 7, 2015, 8:31 AM
- William Lyon Homes (NYSE:WLH): Q2 EPS of $0.32 beats by $0.01.
- Revenue of $254.7M (+41.6% Y/Y) misses by $2.57M.
Jun. 22, 2015, 11:22 AM
- Last week's merger deal between Ryland and Standard Pacific was the first big deal since Pulte purchased Centex in 2009, but it could be a sign of things to come as homebuilders look to stock up assets to take advantage of the housing recovery.
- Look to smaller, newly public players as spots for deals, say analysts, pointing to Tri Pointe Homes (NYSE:TPH), Taylor Morrison (NYSE:TMHC), and William Lyon (NYSE:WLH) as three whose share prices have struggled versus those of the larger builders.
- Relative giants like D.R. Horton, PulteGroup, and Lennar already have a sizable presence in key markets, and are less likely to be buyers.
- ETFs: ITB, XHB
- Source: Reuters
May 8, 2015, 8:34 AM
- William Lyon Homes (NYSE:WLH): Q1 EPS of $0.18 misses by $0.01.
- Revenue of $197.2M (+31.5% Y/Y) misses by $11.18M.
Feb. 23, 2015, 5:37 PM
Feb. 20, 2015, 8:34 AM
- William Lyon Homes (NYSE:WLH): Q4 EPS of $0.52 beats by $0.03.
- Revenue of $360.02M (+71.9% Y/Y) beats by $34.08M.
Nov. 18, 2014, 3:56 PM
- The IPO market remains hot - 344 companies have filed to go public so far this year, the most in a decade - but not so for homebuilders. After eight builders raised $1.77B issuing new shares in 2013 and 2014's first half - the first IPOs since 2004 - the momentum has faded as the pace of new home sales remains sluggish.
- “The public equity market right now is not an attractive place,” says Utah-based Woodside Homes chief Joel Shine. His company filed for an IPO in March, but instead decided to raise capital from existing investors and by issuing $50M of debt. The company in H1 posted sales roughly flat with that of a year ago.
- Of the eight builder stocks gone public sine 2013, five - TPH, CCS, WLH, UCP, TMHC - now trade for less than their IPO prices, while two - NWHM, WCIC - are modestly higher. Only one - LGI Homes (NASDAQ:LGIH) - has significantly outperformed the S&P 500.
- ETFs: ITB, XHB
Nov. 17, 2014, 12:47 PM
Nov. 7, 2014, 8:34 AM
- William Lyon Homes (NYSE:WLH): Q3 EPS of $0.31 beats by $0.04.
- Revenue of $206.9M (+37.2% Y/Y) misses by $34.42M.