Matthew 25 Management Corp cut its stake in CalAtlantic Group, Inc. (NYSE:CAA) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,000 shares of the industrial goods maker’s stock after selling 25,000 shares during the period. CalAtlantic Group makes up about 3.0% of Matthew 25 Management Corp’s portfolio, making the stock its 14th biggest holding. Matthew 25 Management Corp owned approximately 0.26% of CalAtlantic Group worth $10,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Donald Smith & CO. Inc. acquired a new position in CalAtlantic Group in the 3rd quarter valued at $64,178,000. Pacer Advisors Inc. raised its holdings in CalAtlantic Group by 35.9% in the 3rd quarter. Pacer Advisors Inc. now owns 10,829 shares of the industrial goods maker’s stock valued at $397,000 after acquiring an additional 2,860 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in CalAtlantic Group by 3.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 95,820 shares of the industrial goods maker’s stock valued at $3,510,000 after acquiring an additional 3,100 shares in the last quarter. Rhumbline Advisers raised its holdings in CalAtlantic Group by 1.2% in the 3rd quarter. Rhumbline Advisers now owns 141,786 shares of the industrial goods maker’s stock valued at $5,194,000 after acquiring an additional 1,673 shares in the last quarter. Finally, Capital Analysts LLC raised its holdings in CalAtlantic Group by 4.4% in the 3rd quarter. Capital Analysts LLC now owns 25,982 shares of the industrial goods maker’s stock valued at $952,000 after acquiring an additional 1,095 shares in the last quarter.
CAA has been the subject of a number of research analyst reports. Mizuho initiated coverage on CalAtlantic Group in a report on Thursday, October 26th. They set a “buy” rating and a $45.00 price target for the company. KeyCorp reissued a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. Credit Suisse Group raised CalAtlantic Group from an “underperform” rating to a “neutral” rating and set a $32.00 price target for the company in a report on Tuesday, November 7th. Barclays PLC boosted their price target on CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Finally, ValuEngine raised CalAtlantic Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Fifteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. CalAtlantic Group currently has an average rating of “Hold” and a consensus price target of $46.00.
In related news, Director William L. Jews sold 7,482 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $51.52, for a total transaction of $385,472.64. Following the sale, the director now owns 41,717 shares in the company, valued at approximately $2,149,259.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Patrick Babel sold 12,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $52.48, for a total value 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 a total of 235,239 shares of company stock worth $11,991,615 in the last 90 days. 39.50% of the stock is currently owned by corporate insiders.
CalAtlantic Group, Inc. (NYSE:CAA) traded up $0.15 during trading on Thursday, hitting $53.93. The stock had a trading volume of 1,156,000 shares, compared to its average volume of 1,280,742. 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 12 month low of $31.99 and a 12 month high of $54.06. The firm has a market cap of $5,933.79, a PE ratio of 15.91, a P/E/G ratio of 1.86 and a beta of 1.54.
CalAtlantic Group (NYSE:CAA) last issued its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The company’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. research analysts anticipate that CalAtlantic Group, Inc. will post 3.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Investors of record on Friday, December 15th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.30%. CalAtlantic Group’s dividend payout ratio is currently 4.75%.
CalAtlantic Group Profile
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