Media stories about CalAtlantic Group (NYSE:CAA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CalAtlantic Group earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the industrial goods maker an impact score of 45.6977543032844 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
A number of equities analysts recently weighed in on the company. B. Riley reiterated a “neutral” rating on shares of CalAtlantic Group in a research report on Wednesday, November 1st. Wedbush lowered CalAtlantic Group from an “outperform” rating to a “neutral” rating and increased their price target for the company from $41.00 to $51.00 in a research report on Tuesday, October 31st. ValuEngine upgraded CalAtlantic Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. JMP Securities lowered CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Finally, Credit Suisse Group upgraded CalAtlantic Group from an “underperform” rating to a “neutral” rating and set a $32.00 price target for the company in a research report on Tuesday, November 7th. Fifteen research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.33.
Shares of CalAtlantic Group (NYSE CAA) traded up $0.64 during trading on Friday, reaching $60.42. The company had a trading volume of 1,199,793 shares, compared to its average volume of 1,280,908. The stock has a market cap of $6,666.38, a P/E ratio of 17.93, a P/E/G ratio of 1.70 and a beta of 1.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. CalAtlantic Group has a 1 year low of $32.47 and a 1 year high of $60.49.
CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.07). The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The firm’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. research analysts forecast that CalAtlantic Group will post 3.41 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 30th. Investors of record on Friday, December 15th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, December 14th. CalAtlantic Group’s dividend payout ratio is currently 4.75%.
In related news, 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 value of $385,472.64. Following the completion of the sale, the director now directly 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 SEC, which can be accessed through this hyperlink. Also, CEO Larry T. Nicholson sold 100,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $51.94, for a total value of $5,194,000.00. Following the completion of the sale, the chief executive officer now directly owns 714,691 shares of the company’s stock, valued at $37,121,050.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 283,206 shares of company stock valued at $14,970,977. Company insiders own 39.50% of the company’s stock.
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About CalAtlantic Group
CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.
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