CalAtlantic Group Inc (NYSE:CAA) – Equities research analysts at B. Riley reduced their FY2017 earnings per share estimates for shares of CalAtlantic Group in a research report issued on Wednesday. B. Riley analyst A. Rygiel now anticipates that the industrial goods maker will earn $3.34 per share for the year, down from their previous estimate of $3.40. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for CalAtlantic Group’s Q4 2017 earnings at $1.25 EPS.

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). 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 analysts’ expectations of $1.55 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The business’s revenue for the quarter was down 9.0% on a year-over-year basis.

Several other equities analysts also recently weighed in on the company. ValuEngine raised CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Wedbush raised their price target on CalAtlantic Group from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, December 29th. Deutsche Bank downgraded CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research report on Monday, November 20th. Mizuho downgraded CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Monday, November 13th. Finally, UBS Group raised their price target on CalAtlantic Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Fifteen research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. CalAtlantic Group currently has an average rating of “Hold” and a consensus target price of $46.33.

CalAtlantic Group (NYSE:CAA) opened at $60.10 on Thursday. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6,383.95, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.66 and a beta of 1.59. CalAtlantic Group has a 1 year low of $32.47 and a 1 year high of $60.21.

Hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. acquired a new stake in shares of CalAtlantic Group during the second quarter worth $138,000. Riverhead Capital Management LLC boosted its holdings in shares of CalAtlantic Group by 71.4% during the second quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock worth $155,000 after purchasing an additional 1,827 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of CalAtlantic Group during the second quarter worth $222,000. Norman Fields Gottscho Capital Management LLC acquired a new stake in shares of CalAtlantic Group during the fourth quarter worth $230,000. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of CalAtlantic Group during the third quarter worth $253,000.

In other news, CFO Jeffrey Joseph Mccall sold 65,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $9,866,745.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Larry T. Nicholson sold 100,000 shares of the firm’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 sale, the chief executive officer now owns 714,691 shares in the company, valued at approximately $37,121,050.54. The disclosure for this sale can be found here. Insiders have sold 283,206 shares of company stock worth $14,970,977 in the last 90 days. Insiders own 39.50% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 30th. Stockholders of record on Friday, December 15th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is 4.75%.

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CalAtlantic Group Company Profile

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.

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