Premier Asset Management LLC lowered its position in CalAtlantic Group, Inc. (NYSE:CAA) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 294,195 shares of the industrial goods maker’s stock after selling 6,300 shares during the quarter. CalAtlantic Group comprises about 2.4% of Premier Asset Management LLC’s portfolio, making the stock its 18th largest position. Premier Asset Management LLC owned 0.27% of CalAtlantic Group worth $10,776,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Thompson Davis & CO. Inc. purchased a new position in CalAtlantic Group in the 2nd quarter worth about $138,000. Canada Pension Plan Investment Board purchased a new position in CalAtlantic Group in the 2nd quarter worth about $154,000. Riverhead Capital Management LLC increased its stake in CalAtlantic Group by 71.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock worth $155,000 after buying an additional 1,827 shares during the period. Sciencast Management LP purchased a new position in CalAtlantic Group in the 2nd quarter worth about $222,000. Finally, Vantage Financial Partners Ltd. Inc. purchased a new position in CalAtlantic Group in the 3rd quarter worth about $253,000.
Several research analysts recently commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of CalAtlantic Group in a research note on Wednesday, November 1st. MKM Partners downgraded shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Wedbush downgraded shares of CalAtlantic Group from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $41.00 to $51.00 in a research note on Tuesday, October 31st. UBS started coverage on shares of CalAtlantic Group in a research note on Wednesday, October 25th. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, Mizuho set a $51.00 target price on shares of CalAtlantic Group and gave the stock a “buy” rating in a report on Wednesday, November 1st. Fifteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.11.
Shares of CalAtlantic Group, Inc. (NYSE:CAA) traded up $0.61 during trading on Friday, reaching $54.98. 1,375,600 shares of the company’s stock traded hands, compared to its average volume of 1,300,766. CalAtlantic Group, Inc. has a one year low of $32.47 and a one year high of $57.04. The company has a market cap of $5,998.89, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.88 and a beta of 1.58. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80.
CalAtlantic Group (NYSE:CAA) last released its quarterly earnings results 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). CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. research analysts predict that CalAtlantic Group, Inc. will post 3.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio is currently 4.75%.
In other news, CEO Larry T. Nicholson sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $51.94, for a total value of $5,194,000.00. Following the sale, the chief executive officer now directly owns 714,691 shares in the company, valued at approximately $37,121,050.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William L. Jews sold 7,482 shares of the firm’s stock in a transaction dated 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 sold a total of 235,239 shares of company stock worth $11,991,615 over the last 90 days. Company insiders own 39.50% of the company’s stock.
CalAtlantic Group Profile
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