|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||23.33 - 24.50|
|52 Week Range||16.42 - 24.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||15.28|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service (Moody's) withdrew all ratings for William Lyon Homes, Inc. (Lyon), including its B2 Corporate Family Rating, B2-PD Probability of Default Rating and the B2 rating on the senior unsecured notes of Lyon and WLH PNW Finance Corp. The ratings had been on review since November 2019, following the company's announcement that it would be acquired by Taylor Morrison Home Corporation ("TMHC"). Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.
Moody's Investors Service, ("Moody's") assigned a Ba3 rating to Taylor Morrison Communities, Inc.'s (TMHC) $324.0 million 6.00% senior unsecured notes due 2023, $428.4 million 5.875% senior unsecured notes due 2025 and $290.4 million 6.625% senior unsecured notes due 2027. Taylor Morrison's other ratings and stable outlook remain unchanged.
Taylor Morrison Home Corp. (NYSE: TMHC) closed its $2.5 billion acquisition of William Lyon Homes on Thursday, making the Scottsdale-based homebuilder the fifth-largest in the nation. The purchase also gives Taylor Morrison entry into Washington, Oregon and Nevada markets and increases its entry-level market penetrations, Sheryl Palmer had told the Phoenix Business Journal in a previous interview. The acquisition of the Newport Beach, California-based William Lyon also increases Taylor Morrison's workforce to more than 3,000 employees nationwide.
Shareholders of Taylor Morrison Home Corp. (NYSE: TMHC) and William Lyon Homes (NYSE: WLH) voted Thursday to approve all the stockholder proposals necessary to complete their $2.4 billion merger. The acquisition of William Lyon will make Scottsdale-based Taylor Morrison the fifth-largest homebuilder in the nation and give it a boost in expanding into the entry-level housing market. Taylor Morrison continues to extend the expiration date for its offer to exchange all Wiliam Lyon outstanding senior notes to be issued by Taylor Morrison, this time extending to Jan. 31.
Shareholders of the two national homebuilders are set to vote this week on whether to approve Taylor Morrison's acquisition of William Lyon Homes.
Homebuilders are feeling a bit more conservative heading into 2020 after such a robust year in 2019. Here are the areas of the region that saw the biggest homebuilding permit gains last year.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 752 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Moody's Investors Service ("Moody's") placed the ratings of William Lyon Homes, Inc.'s ("Lyon") under review for upgrade following the announcement that Taylor Morrison Homes Corporation ("TMHC") has entered into a definitive agreement to acquire Lyon. The ratings placed under review include Lyon's B2 Corporate Family Rating, B2-PD Probability of Default Rating, and the B2 senior unsecured ratings on the notes of Lyon and WLH PNW Finance Corp. The company's SGL-2 Speculative Grade Liquidity Rating is unchanged. On November 6, 2019, TMHC announced that it had entered into a definitive agreement to acquire William Lyon Homes for approximately $2.4 billion, purchasing all outstanding shares of Lyon and assuming all of its debt in the amount of $1.4 billion.
Moody's Investors Service ("Moody's") has affirmed all ratings of Taylor Morrison Communities, Inc., including the Ba3 Corporate Family Rating and the Ba3 rating on the company's senior unsecured notes, following the company's announcement that it will acquire all of the outstanding shares of William Lyon Homes common stock. The affirmation of the company's Ba3 corporate family rating reflects the acquisition's modest strain on Taylor Morrison's financial profile, while enhancing the company's overall business profile. Moody's expects that leverage will decline to below 50% within the 12 months following the transaction through a combination of organic growth and debt reduction.
The acquisition of William Lyon will expand Taylor Morrison's (TMHC) footprint in Pacific Northwest and Nevada, as well as increase its market share in Colorado, Arizona, Texas and California.
Taylor Morrison Home plunged after announcing it is buying William Lyon Home for $2.4 billion, marking its sixth builder acquisition in seven years.
If the acquisition goes through, Valley-based Taylor Morrison will be able to expand into new markets and the combined company will be one of the largest homebuilders in the U.S.
William Lyon (WLH) delivered earnings and revenue surprises of 57.69% and -4.18%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Taylor Morrison Home Corp on Wednesday agreed to buy smaller rival William Lyon Homes for more than $800 million in cash and stock, creating the fifth-biggest homebuilder in the United States. The offer of $21.45 per share represents a premium of 16.7% to William Lyon's Tuesday close and is valued at $2.4 billion including debt. Following the deal, Taylor Morrison said its stockholders will own about 77% of the combined company, with William Lyon shareholders holding the remaining interest.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of William Lyon Homes, Inc. New York, November 01, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of William Lyon Homes, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this […]
William Lyon (WLH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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