Media headlines about CalAtlantic Group (NYSE:CAA) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog 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 coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news coverage about the industrial goods maker an impact score of 45.083977851878 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
CalAtlantic Group (NYSE:CAA) traded up $0.41 during mid-day trading on Wednesday, reaching $53.12. The company’s stock had a trading volume of 17,976,299 shares, compared to its average volume of 2,215,714. CalAtlantic Group has a 1 year low of $33.56 and a 1 year high of $64.60. 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 $6,172.06, a P/E ratio of 15.76, a PEG ratio of 1.41 and a beta of 1.45.
A number of brokerages have recently commented on CAA. ValuEngine raised CalAtlantic Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Credit Suisse Group reissued a “neutral” rating and set a $63.00 price target (up previously from $51.00) on shares of CalAtlantic Group in a research report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $64.00 price target on CalAtlantic Group and gave the company a “hold” rating in a research report on Thursday, January 18th. UBS Group boosted their price target on CalAtlantic Group from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Finally, Zacks Investment Research raised CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, January 9th. Fourteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $53.60.
In other CalAtlantic Group news, CEO Larry T. Nicholson sold 78,342 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the transaction, the chief executive officer now owns 693,033 shares in the company, valued at $36,418,884.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $55.27, for a total value of $3,592,550.00. Following the transaction, the chief financial officer now owns 178,519 shares in the company, valued at approximately $9,866,745.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,342 shares of company stock valued at $8,339,182. 39.50% of the stock is owned by company insiders.
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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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