CalAtlantic Group, Inc. (NYSE:CAA) EVP John Patrick Babel sold 12,000 shares of the firm’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 completion of the sale, the executive vice president now owns 33,603 shares of the company’s stock, valued at $1,763,485.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CalAtlantic Group, Inc. (NYSE CAA) traded up $0.22 during mid-day trading on Tuesday, hitting $52.53. The company had a trading volume of 1,827,600 shares, compared to its average volume of 1,276,501. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.91 and a quick ratio of 0.29. The company has a market capitalization of $5,840.00 and a P/E ratio of 15.48. CalAtlantic Group, Inc. has a 12-month low of $31.99 and a 12-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 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.07). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The business’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. analysts predict that CalAtlantic Group, Inc. will post 3.41 EPS 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 issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.30%. CalAtlantic Group’s payout ratio is currently 4.75%.

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A number of analysts recently issued reports on CAA shares. Mizuho started coverage on CalAtlantic Group in a research report on Thursday, October 26th. They issued a “buy” rating and a $45.00 price target for the company. ValuEngine upgraded CalAtlantic Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Barclays PLC lifted their target price on CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. KeyCorp reiterated a “hold” rating on shares of CalAtlantic Group in a research report on Friday, August 25th. Finally, Deutsche Bank AG downgraded CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a research report on Monday. Fifteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.00.

Several hedge funds have recently added to or reduced their stakes in the stock. Mengis Capital Management Inc. raised its holdings in shares of CalAtlantic Group by 0.6% in the second quarter. Mengis Capital Management Inc. now owns 25,899 shares of the industrial goods maker’s stock valued at $915,000 after acquiring an additional 150 shares in the last quarter. Suntrust Banks Inc. raised its holdings in shares of CalAtlantic Group by 3.2% in the second quarter. Suntrust Banks Inc. now owns 9,496 shares of the industrial goods maker’s stock valued at $334,000 after acquiring an additional 297 shares in the last quarter. Commerce Bank raised its holdings in shares of CalAtlantic Group by 2.4% in the second quarter. Commerce Bank now owns 14,002 shares of the industrial goods maker’s stock valued at $495,000 after acquiring an additional 330 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of CalAtlantic Group by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 33,704 shares of the industrial goods maker’s stock valued at $1,191,000 after acquiring an additional 337 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of CalAtlantic Group by 1.1% in the second quarter. PNC Financial Services Group Inc. now owns 32,483 shares of the industrial goods maker’s stock valued at $1,148,000 after acquiring an additional 366 shares in the last quarter.

CalAtlantic Group Company Profile

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

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