Profund Advisors LLC Sells 3,974 Shares of CalAtlantic Group, Inc. (CAA)

Profund Advisors LLC lessened its holdings in shares of CalAtlantic Group, Inc. (NYSE:CAA) by 32.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,218 shares of the construction company’s stock after selling 3,974 shares during the period. Profund Advisors LLC’s holdings in CalAtlantic Group were worth $291,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of CalAtlantic Group by 4.0% during the second quarter. BlackRock Inc. now owns 7,319,210 shares of the construction company’s stock worth $258,732,000 after purchasing an additional 283,517 shares during the period. Vanguard Group Inc. raised its stake in CalAtlantic Group by 9.8% during the first quarter. Vanguard Group Inc. now owns 5,884,187 shares of the construction company’s stock worth $220,362,000 after buying an additional 523,054 shares during the last quarter. Sanders Capital LLC raised its stake in CalAtlantic Group by 3.8% during the second quarter. Sanders Capital LLC now owns 4,167,200 shares of the construction company’s stock worth $161,972,000 after buying an additional 153,652 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in CalAtlantic Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,329,794 shares of the construction company’s stock worth $124,700,000 after buying an additional 52,570 shares during the last quarter. Finally, Greenhaven Associates Inc. raised its stake in CalAtlantic Group by 19.2% during the second quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the construction company’s stock worth $107,812,000 after buying an additional 491,510 shares during the last quarter.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 17,033 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total value of $613,188.00. Following the completion of the transaction, the chief executive officer now directly owns 594,600 shares in the company, valued at approximately $21,405,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.50% of the stock is currently owned by corporate insiders.

A number of equities analysts recently weighed in on CAA shares. BidaskClub downgraded shares of CalAtlantic Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Credit Suisse Group started coverage on shares of CalAtlantic Group in a research note on Thursday, June 22nd. They set an “underperform” rating and a $32.00 target price for the company. Barclays PLC raised shares of CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 target price for the company in a research note on Tuesday, July 11th. JMP Securities raised shares of CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Friday, July 21st. Finally, Wedbush reissued an “ourperform” rating and set a $41.00 target price on shares of CalAtlantic Group in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

TRADEMARK VIOLATION WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/profund-advisors-llc-sells-3974-shares-of-calatlantic-group-inc-caa.html.

Shares of CalAtlantic Group, Inc. (NYSE:CAA) opened at 37.96 on Tuesday. CalAtlantic Group, Inc. has a 1-year low of $30.18 and a 1-year high of $38.63. The firm has a 50-day moving average of $35.37 and a 200 day moving average of $36.08. The company has a market capitalization of $4.18 billion, a P/E ratio of 10.45 and a beta of 1.42.

CalAtlantic Group (NYSE:CAA) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.03). CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that CalAtlantic Group, Inc. will post $3.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of CalAtlantic Group by 4.0% during the second quarter. BlackRock Inc. now owns 7,319,210 shares of the construction company’s stock worth $258,732,000 after purchasing an additional 283,517 shares during the period. Vanguard Group Inc. raised its stake in CalAtlantic Group by 9.8% during the first quarter. Vanguard Group Inc. now owns 5,884,187 shares of the construction company’s stock worth $220,362,000 after buying an additional 523,054 shares during the last quarter. Sanders Capital LLC raised its stake in CalAtlantic Group by 3.8% during the second quarter. Sanders Capital LLC now owns 4,167,200 shares of the construction company’s stock worth $161,972,000 after buying an additional 153,652 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in CalAtlantic Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,329,794 shares of the construction company’s stock worth $124,700,000 after buying an additional 52,570 shares during the last quarter. Finally, Greenhaven Associates Inc. raised its stake in CalAtlantic Group by 19.2% during the second quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the construction company’s stock worth $107,812,000 after buying an additional 491,510 shares during the last quarter.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 17,033 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total value of $613,188.00. Following the completion of the transaction, the chief executive officer now directly owns 594,600 shares in the company, valued at approximately $21,405,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.50% of the stock is currently owned by corporate insiders.

A number of equities analysts recently weighed in on CAA shares. BidaskClub downgraded shares of CalAtlantic Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Credit Suisse Group started coverage on shares of CalAtlantic Group in a research note on Thursday, June 22nd. They set an “underperform” rating and a $32.00 target price for the company. Barclays PLC raised shares of CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 target price for the company in a research note on Tuesday, July 11th. JMP Securities raised shares of CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Friday, July 21st. Finally, Wedbush reissued an “ourperform” rating and set a $41.00 target price on shares of CalAtlantic Group in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

TRADEMARK VIOLATION WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/profund-advisors-llc-sells-3974-shares-of-calatlantic-group-inc-caa.html.

Shares of CalAtlantic Group, Inc. (NYSE:CAA) opened at 37.96 on Tuesday. CalAtlantic Group, Inc. has a 1-year low of $30.18 and a 1-year high of $38.63. The firm has a 50-day moving average of $35.37 and a 200 day moving average of $36.08. The company has a market capitalization of $4.18 billion, a P/E ratio of 10.45 and a beta of 1.42.

CalAtlantic Group (NYSE:CAA) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.03). CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that CalAtlantic Group, Inc. will post $3.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.16 annualized dividend and a yield of 0.42%. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.46%.

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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