CalAtlantic Group, Inc. (NYSE:CAA) has earned an average recommendation of “Hold” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $46.38.

A number of research firms have issued reports on CAA. Deutsche Bank AG downgraded CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research note on Monday. UBS AG boosted their target price on CalAtlantic Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Mizuho downgraded CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, November 13th. Barclays PLC boosted their target price on CalAtlantic Group from $35.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Finally, B. Riley reissued a “neutral” rating on shares of CalAtlantic Group in a research report on Wednesday, November 1st.

Shares of CalAtlantic Group (CAA) opened at $53.93 on Thursday. The company has a quick ratio of 0.29, a current ratio of 5.91 and a debt-to-equity ratio of 0.80. CalAtlantic Group has a 12 month low of $31.99 and a 12 month high of $54.06. The stock has a market capitalization of $5,950.00 and a P/E ratio of 15.54.

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

The firm 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 0.30%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.75%.

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In other CalAtlantic Group news, CEO Larry T. Nicholson sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $51.94, for a total value of $5,194,000.00. Following the transaction, the chief executive officer now owns 714,691 shares of the company’s stock, valued at approximately $37,121,050.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 235,239 shares of company stock worth $11,991,615 in the last ninety days. 39.50% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CAA. Donald Smith & CO. Inc. bought a new position in CalAtlantic Group in the 3rd quarter valued at $64,178,000. Balyasny Asset Management LLC grew its position in CalAtlantic Group by 515.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,261,045 shares of the industrial goods maker’s stock valued at $44,578,000 after acquiring an additional 1,056,155 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of CalAtlantic Group by 283.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,189,005 shares of the industrial goods maker’s stock worth $43,054,000 after buying an additional 879,180 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of CalAtlantic Group in the 2nd quarter worth $30,069,000. Finally, Greenhaven Associates Inc. lifted its holdings in shares of CalAtlantic Group by 19.2% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the industrial goods maker’s stock worth $107,812,000 after buying an additional 491,510 shares during the period.

About CalAtlantic Group

Analyst Recommendations for CalAtlantic Group (NYSE:CAA)

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