CalAtlantic Group, Inc. (NYSE:CAA) Director William L. Jews sold 7,482 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $51.52, for a total transaction of $385,472.64. Following the transaction, the director now owns 41,717 shares of the company’s stock, valued at approximately $2,149,259.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
CalAtlantic Group, Inc. (CAA) traded up $0.70 during mid-day trading on Friday, hitting $52.31. 3,336,579 shares of the stock were exchanged, compared to its average volume of 1,274,030. The company has a market capitalization of $5,770.00 and a price-to-earnings ratio of 15.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.91 and a quick ratio of 0.29. CalAtlantic Group, Inc. has a one year low of $31.99 and a one year high of $52.73.
CalAtlantic Group (NYSE:CAA) last announced its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. analysts anticipate that CalAtlantic Group, Inc. will post 3.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 30th. Investors of record on Friday, December 15th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio is currently 4.75%.
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A number of equities analysts have weighed in on the stock. JMP Securities upgraded shares of CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Friday, July 21st. Wedbush reiterated an “ourperform” rating and set a $41.00 target price on shares of CalAtlantic Group in a research report on Monday, July 31st. Barclays PLC increased their target price on shares of CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. B. Riley restated a “neutral” rating on shares of CalAtlantic Group in a research report on Wednesday, November 1st. Finally, MKM Partners lowered shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Fourteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. CalAtlantic Group presently has a consensus rating of “Hold” and a consensus price target of $45.33.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Denali Advisors LLC purchased a new stake in CalAtlantic Group in the third quarter valued at approximately $769,000. Greenhaven Associates Inc. raised its stake in CalAtlantic Group by 19.2% in the second quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the industrial goods maker’s stock valued at $107,812,000 after purchasing an additional 491,510 shares in the last quarter. BlueMountain Capital Management LLC raised its stake in CalAtlantic Group by 412.2% in the second quarter. BlueMountain Capital Management LLC now owns 95,767 shares of the industrial goods maker’s stock valued at $3,385,000 after purchasing an additional 77,068 shares in the last quarter. Arizona State Retirement System raised its stake in CalAtlantic Group by 1.3% in the second quarter. Arizona State Retirement System now owns 30,400 shares of the industrial goods maker’s stock valued at $1,075,000 after purchasing an additional 400 shares in the last quarter. Finally, Morgan Stanley raised its stake in CalAtlantic Group by 124.5% in the first quarter. Morgan Stanley now owns 304,081 shares of the industrial goods maker’s stock valued at $11,387,000 after purchasing an additional 168,651 shares in the last quarter.
About CalAtlantic Group
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