CalAtlantic Group (NYSE:CAA) has been assigned a $64.00 price objective by research analysts at Mizuho in a report released on Thursday. The brokerage presently has a “hold” rating on the industrial goods maker’s stock. Mizuho’s target price indicates a potential downside of 0.54% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Tuesday, January 9th. ValuEngine raised CalAtlantic Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Barclays lifted their target price on CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Deutsche Bank downgraded CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a report on Monday, November 20th. Finally, JMP Securities downgraded CalAtlantic Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. CalAtlantic Group has a consensus rating of “Hold” and an average target price of $50.50.
CalAtlantic Group (NYSE CAA) traded up $1.21 on Thursday, hitting $64.35. The stock had a trading volume of 1,089,975 shares, compared to its average volume of 1,639,569. CalAtlantic Group has a 12 month low of $32.47 and a 12 month high of $64.40. 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 firm has a market capitalization of $7,030.00 and a P/E ratio of 19.09.
In other CalAtlantic Group news, CEO Larry T. Nicholson sold 100,000 shares of CalAtlantic Group stock in a transaction dated 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 in the company, valued at $37,121,050.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of CalAtlantic Group stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $55.27, for a total value of $3,592,550.00. Following the completion of the transaction, the chief financial officer now owns 178,519 shares in the company, valued at approximately $9,866,745.13. The disclosure for this sale can be found here. Insiders sold 283,206 shares of company stock worth $14,970,977 in the last 90 days. 39.50% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in CAA. Riverhead Capital Management LLC grew its position in CalAtlantic Group by 71.4% in the second quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock valued at $155,000 after acquiring an additional 1,827 shares during the last quarter. Sciencast Management LP bought a new position in CalAtlantic Group in the second quarter valued at about $222,000. Norman Fields Gottscho Capital Management LLC bought a new position in CalAtlantic Group in the fourth quarter valued at about $230,000. Vantage Financial Partners Ltd. Inc. bought a new position in CalAtlantic Group in the third quarter valued at about $253,000. Finally, Virtu Financial LLC bought a new position in CalAtlantic Group in the third quarter valued at about $253,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.
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.
