CalAtlantic Group Inc (NYSE:CAA) CFO Jeffrey Joseph Mccall sold 65,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $55.27, for a total transaction of $3,592,550.00. Following the sale, the chief financial officer now owns 178,519 shares of the company’s stock, valued at approximately $9,866,745.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of CalAtlantic Group Inc (NYSE CAA) traded down $0.24 on Tuesday, hitting $54.75. 898,789 shares of the stock were exchanged, compared to its average volume of 1,300,248. The company has a market cap of $6,112.53, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.92 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 Inc has a 1 year low of $32.47 and a 1 year high of $57.04.

CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.07). The business had revenue of $1.52 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. equities research analysts forecast that CalAtlantic Group Inc will post 3.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 30th. Investors of record on Friday, December 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s payout ratio is 4.75%.

Several research firms have recently weighed in on CAA. Barclays lifted their target price on shares of CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. B. Riley reiterated 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. KeyCorp reiterated a “hold” rating on shares of CalAtlantic Group in a research note on Friday, August 25th. Finally, Mizuho began coverage on shares of CalAtlantic Group in a research note on Thursday, October 26th. They issued a “buy” rating and a $45.00 target price for the company. Fifteen analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.11.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Denali Advisors LLC purchased a new position in shares of CalAtlantic Group in the third quarter worth $769,000. Greenhaven Associates Inc. increased its position in CalAtlantic Group by 19.2% during the 2nd 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. BlueMountain Capital Management LLC increased its position in CalAtlantic Group by 412.2% during the 2nd quarter. BlueMountain Capital Management LLC now owns 95,767 shares of the industrial goods maker’s stock valued at $3,385,000 after purchasing an additional 77,068 shares during the period. Arizona State Retirement System increased its position in CalAtlantic Group by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 30,400 shares of the industrial goods maker’s stock valued at $1,075,000 after purchasing an additional 400 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in CalAtlantic Group by 8.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 46,809 shares of the industrial goods maker’s stock valued at $1,654,000 after purchasing an additional 3,527 shares during the period.

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About CalAtlantic Group

CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

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

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