A number of other research firms have also commented on CAA. UBS Group raised their price target on shares of CalAtlantic Group from $55.00 to $63.00 and gave the stock a neutral rating in a research report on Wednesday. Zacks Investment Research upgraded shares of CalAtlantic Group from a hold rating to a buy rating and set a $67.00 price objective on the stock in a research note on Tuesday, January 9th. Wedbush increased their price objective on shares of CalAtlantic Group from $51.00 to $53.00 and gave the stock a neutral rating in a research note on Friday, December 29th. ValuEngine upgraded shares of CalAtlantic Group from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Finally, Deutsche Bank downgraded shares of CalAtlantic Group from a buy rating to a hold rating and set a $52.00 price objective on the stock. in a research note on Monday, November 20th. Fifteen research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $50.50.
CalAtlantic Group (CAA) traded up $1.21 during trading hours on Thursday, reaching $64.35. 1,089,975 shares of the company were exchanged, compared to its average volume of 1,639,569. CalAtlantic Group has a 1-year low of $32.47 and a 1-year high of $64.40. The company has a market capitalization of $7,030.00 and a price-to-earnings ratio of 19.09. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 30th. Shareholders 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 0.25%. CalAtlantic Group’s payout ratio is 4.75%.
In other news, CFO Jeffrey Joseph Mccall sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $55.27, for a total value of $3,592,550.00. Following the sale, the chief financial officer now directly owns 178,519 shares in the company, valued at approximately $9,866,745.13. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William L. Jews sold 7,482 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $51.52, for a total transaction of $385,472.64. Following the completion of the sale, the director now owns 41,717 shares in the company, valued at $2,149,259.84. The disclosure for this sale can be found here. Insiders have sold 283,206 shares of company stock worth $14,970,977 over the last quarter. Corporate insiders own 39.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CAA. Donald Smith & CO. Inc. acquired a new stake in shares of CalAtlantic Group in the 3rd quarter valued at approximately $64,178,000. Balyasny Asset Management LLC boosted its stake in shares of CalAtlantic Group by 515.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,261,045 shares of the industrial goods maker’s stock valued at $44,578,000 after purchasing an additional 1,056,155 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CalAtlantic Group by 283.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,189,005 shares of the industrial goods maker’s stock valued at $43,054,000 after purchasing an additional 879,180 shares in the last quarter. FMR LLC boosted its stake in shares of CalAtlantic Group by 3.8% in the 2nd quarter. FMR LLC now owns 10,812,739 shares of the industrial goods maker’s stock valued at $382,230,000 after purchasing an additional 400,103 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of CalAtlantic Group by 4.0% in the 2nd quarter. BlackRock Inc. now owns 7,319,210 shares of the industrial goods maker’s stock valued at $258,732,000 after purchasing an additional 283,517 shares in the last quarter. Institutional investors own 98.42% of the company’s stock.
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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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