CalAtlantic Group, Inc. (NYSE:CAA)‘s stock had its “buy” rating reiterated by stock analysts at MKM Partners in a research note issued on Wednesday.
A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of CalAtlantic Group in a research note on Wednesday, September 28th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered shares of CalAtlantic Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. TheStreet lowered shares of CalAtlantic Group from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. FBR & Co restated a “hold” rating and issued a $38.00 target price on shares of CalAtlantic Group in a research report on Thursday, November 3rd. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of CalAtlantic Group in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. CalAtlantic Group has an average rating of “Buy” and an average price target of $41.27.
Shares of CalAtlantic Group (NYSE:CAA) traded up 1.29% during mid-day trading on Wednesday, hitting $33.78. 314,822 shares of the company’s stock traded hands. The company has a market cap of $3.92 billion, a PE ratio of 11.68 and a beta of 1.48. CalAtlantic Group has a 52 week low of $26.97 and a 52 week high of $40.94. The firm has a 50-day moving average of $34.21 and a 200 day moving average of $34.86.
CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. CalAtlantic Group had a net margin of 6.44% and a return on equity of 11.73%. The firm’s quarterly revenue was up 166.0% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Equities research analysts predict that CalAtlantic Group will post $3.41 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $0.16 annualized dividend and a yield of 0.48%. CalAtlantic Group’s payout ratio is 5.56%.
ILLEGAL ACTIVITY NOTICE: This news story was published by Community Financial News and is the propert of of Community Financial News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/01/11/mkm-partners-reaffirms-buy-rating-for-calatlantic-group-inc-caa.html.
Institutional investors have recently added to or reduced their stakes in the stock. Tricadia Capital Management LLC raised its position in CalAtlantic Group by 45.3% in the third quarter. Tricadia Capital Management LLC now owns 353,000 shares of the company’s stock valued at $11,804,000 after buying an additional 110,000 shares during the last quarter. RWC Asset Management LLP raised its position in CalAtlantic Group by 61.6% in the third quarter. RWC Asset Management LLP now owns 85,092 shares of the company’s stock valued at $2,845,000 after buying an additional 32,452 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in CalAtlantic Group by 97.0% in the third quarter. Ameritas Investment Partners Inc. now owns 22,753 shares of the company’s stock valued at $761,000 after buying an additional 11,203 shares during the last quarter. Verition Fund Management LLC raised its position in CalAtlantic Group by 144.1% in the third quarter. Verition Fund Management LLC now owns 42,891 shares of the company’s stock valued at $1,434,000 after buying an additional 25,322 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in CalAtlantic Group during the third quarter valued at about $4,121,000.
CalAtlantic Group Company Profile
CalAtlantic Group, Inc, formerly Standard Pacific Corp., is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The Company’s homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.
What are top analysts saying about CalAtlantic Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CalAtlantic Group Inc. and related companies.