KAMES CAPITAL plc cut its stake in CalAtlantic Group Inc (NYSE:CAA) by 95.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,168 shares of the industrial goods maker’s stock after selling 293,952 shares during the quarter. KAMES CAPITAL plc’s holdings in CalAtlantic Group were worth $799,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in CAA. Riverhead Capital Management LLC increased its stake in shares of CalAtlantic Group by 71.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock valued at $155,000 after acquiring an additional 1,827 shares during the last quarter. Sciencast Management LP bought a new stake in shares of CalAtlantic Group in the 2nd quarter valued at about $222,000. Norman Fields Gottscho Capital Management LLC bought a new stake in shares of CalAtlantic Group in the 4th quarter valued at about $230,000. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of CalAtlantic Group in the 3rd quarter valued at about $253,000. Finally, Virtu Financial LLC bought a new stake in shares of CalAtlantic Group in the 3rd quarter valued at about $253,000.
CAA has been the subject of a number of recent analyst reports. Deutsche Bank cut CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research note on Monday, November 20th. Mizuho cut CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, November 13th. UBS Group upped their price target on CalAtlantic Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Barclays upped their price target on CalAtlantic Group from $35.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Finally, Wedbush upped their price target on CalAtlantic Group from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Fifteen analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. CalAtlantic Group presently has a consensus rating of “Hold” and a consensus price target of $48.40.
In other news, CEO Larry T. Nicholson sold 78,342 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the completion of the transaction, the chief executive officer now directly owns 693,033 shares of the company’s stock, valued at approximately $36,418,884.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $55.27, for a total transaction of $3,592,550.00. Following the transaction, the chief financial officer now directly owns 178,519 shares of the company’s stock, valued at $9,866,745.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 283,206 shares of company stock valued at $14,970,977. 39.50% of the stock is owned by company insiders.
Shares of CalAtlantic Group Inc (CAA) opened at $61.95 on Friday. CalAtlantic Group Inc has a 52 week low of $32.47 and a 52 week high of $63.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. The stock has a market capitalization of $7,198.03, a P/E ratio of 18.33, a P/E/G ratio of 1.70 and a beta of 1.59.
CalAtlantic Group (NYSE:CAA) last posted its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $0.97 earnings per share. CalAtlantic Group’s revenue for the quarter was down 9.0% compared to the same quarter last year. analysts anticipate that CalAtlantic Group Inc will post 3.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, December 30th. Investors of record on Friday, December 15th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.26%. CalAtlantic Group’s payout ratio is 4.75%.
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CalAtlantic Group Company Profile
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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