CalAtlantic Group Inc (CAA) Stake Lowered by State Treasurer State of Michigan

State Treasurer State of Michigan decreased its position in CalAtlantic Group Inc (NYSE:CAA) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,400 shares of the industrial goods maker’s stock after selling 1,200 shares during the quarter. State Treasurer State of Michigan’s holdings in CalAtlantic Group were worth $1,545,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in shares of CalAtlantic Group by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 33,704 shares of the industrial goods maker’s stock valued at $1,191,000 after purchasing an additional 337 shares during the period. Capital Analysts LLC raised its position in shares of CalAtlantic Group by 4.4% in the third quarter. Capital Analysts LLC now owns 25,982 shares of the industrial goods maker’s stock valued at $952,000 after purchasing an additional 1,095 shares during the period. Great West Life Assurance Co. Can raised its position in shares of CalAtlantic Group by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 48,075 shares of the industrial goods maker’s stock valued at $1,740,000 after purchasing an additional 1,266 shares during the period. Amalgamated Bank increased its position in CalAtlantic Group by 10.0% during the third quarter. Amalgamated Bank now owns 15,337 shares of the industrial goods maker’s stock worth $562,000 after acquiring an additional 1,391 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in CalAtlantic Group by 53.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,071 shares of the industrial goods maker’s stock worth $230,000 after acquiring an additional 1,418 shares during the period. 92.36% of the stock is currently owned by institutional investors.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 78,342 shares of CalAtlantic Group stock in a transaction 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 sale, the chief executive officer now owns 693,033 shares in the company, valued at $36,418,884.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Patrick Babel sold 12,000 shares of CalAtlantic Group stock in a transaction on Monday, November 20th. The stock was sold at an average price of $52.48, for a total transaction of $629,760.00. Following the sale, the executive vice president now owns 33,603 shares in the company, valued at approximately $1,763,485.44. The disclosure for this sale can be found here. Insiders have sold 155,342 shares of company stock worth $8,339,182 in the last quarter. Corporate insiders own 39.50% of the company’s stock.

Shares of CalAtlantic Group Inc (NYSE CAA) opened at $53.12 on Thursday. CalAtlantic Group Inc has a 52 week low of $33.56 and a 52 week 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 firm has a market cap of $6,172.06, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45.

CAA has been the topic of a number of research reports. Credit Suisse Group raised shares of CalAtlantic Group from an “underperform” rating to a “neutral” rating and set a $32.00 target price on the stock in a research report on Tuesday, November 7th. Mizuho initiated coverage on shares of CalAtlantic Group in a research report on Thursday, October 26th. They set a “buy” rating and a $45.00 target price on the stock. Barclays boosted 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. ValuEngine raised shares of CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank lowered shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research report on Monday, November 20th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.22.

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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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Institutional Ownership by Quarter for CalAtlantic Group (NYSE:CAA)

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