Wells Fargo & Company MN raised its stake in shares of CalAtlantic Group Inc (NYSE:CAA) by 130.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,220 shares of the industrial goods maker’s stock after purchasing an additional 188,379 shares during the period. Wells Fargo & Company MN owned 0.29% of CalAtlantic Group worth $18,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in CalAtlantic Group during the 4th quarter worth about $123,000. Cerebellum GP LLC purchased a new stake in shares of CalAtlantic Group during the 4th quarter valued at approximately $126,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of CalAtlantic Group during the 4th quarter valued at approximately $209,000. CIBC Asset Management Inc purchased a new stake in shares of CalAtlantic Group during the 4th quarter valued at approximately $218,000. Finally, Doyle Wealth Management acquired a new stake in CalAtlantic Group in the 4th quarter valued at approximately $226,000. 92.36% of the stock is currently owned by institutional investors.
CAA has been the subject of several research reports. ValuEngine upgraded shares of CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank cut shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research report on Monday, November 20th. UBS upped their target price on shares of CalAtlantic Group from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Credit Suisse Group reissued a “neutral” rating and set a $63.00 price target (up from $51.00) on shares of CalAtlantic Group in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Mizuho set a $64.00 target price on shares of CalAtlantic Group and gave the stock a “hold” rating in a research report on Thursday, January 18th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $55.22.
CalAtlantic Group stock traded up $0.41 during midday trading on Monday, hitting $53.12. 17,976,299 shares of the company were exchanged, compared to its average volume of 2,215,714. 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 twelve month low of $33.56 and a twelve month high of $64.60. The company has a market cap of $6,170.00 and a P/E ratio of 15.76.
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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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