CalAtlantic Group, Inc. (NYSE:CAA) COO Peter G. Skelly sold 20,382 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $51.63, for a total value of $1,052,322.66. Following the sale, the chief operating officer now owns 174,159 shares in the company, valued at approximately $8,991,829.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CalAtlantic Group, Inc. (CAA) traded up $0.32 on Wednesday, hitting $52.13. The company had a trading volume of 2,721,700 shares, compared to its average volume of 1,254,336. The company has a quick ratio of 0.29, a current ratio of 5.91 and a debt-to-equity ratio of 0.80. The stock has a market cap of $5,716.43, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.79 and a beta of 1.54. CalAtlantic Group, Inc. has a twelve month low of $31.80 and a twelve month high of $52.73.

CalAtlantic Group (NYSE:CAA) last released its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. equities research analysts forecast that CalAtlantic Group, Inc. will post 3.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Shareholders of record on Friday, December 15th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.75%.

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A number of large investors have recently added to or reduced their stakes in CAA. Donald Smith & CO. Inc. purchased a new position in CalAtlantic Group in the third quarter valued at about $64,178,000. Balyasny Asset Management LLC raised its position in CalAtlantic Group by 515.5% in the second 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 during the period. JPMorgan Chase & Co. raised its position in CalAtlantic Group by 283.8% in the third 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 during the period. Marshall Wace North America L.P. purchased a new position in CalAtlantic Group in the second quarter valued at about $30,069,000. Finally, Greenhaven Associates Inc. raised its position in CalAtlantic Group by 19.2% in the second quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the industrial goods maker’s stock valued at $107,812,000 after purchasing an additional 491,510 shares during the period.

Several research firms have recently issued reports on CAA. B. Riley restated a “neutral” rating on shares of CalAtlantic Group in a report on Wednesday, November 1st. UBS AG raised their price objective on CalAtlantic Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Wedbush cut CalAtlantic Group from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $41.00 to $51.00 in a report on Tuesday, October 31st. Barclays PLC raised their price objective 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, MKM Partners cut CalAtlantic Group from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. Fourteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. CalAtlantic Group currently has a consensus rating of “Hold” and an average target price of $45.33.

About CalAtlantic Group

Insider Buying and Selling by Quarter for CalAtlantic Group (NYSE:CAA)

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