Other equities analysts have also issued reports about the company. Wedbush reaffirmed an ourperform rating and issued a $41.00 price target on shares of CalAtlantic Group in a report on Monday, July 31st. JMP Securities lowered CalAtlantic Group from an outperform rating to a market perform rating in a report on Monday, October 30th. ValuEngine raised CalAtlantic Group from a hold rating to a buy rating in a report on Monday, October 2nd. UBS AG assumed coverage on CalAtlantic Group in a report on Wednesday, October 25th. They issued a neutral rating and a $42.00 price target for the company. Finally, MKM Partners lowered CalAtlantic Group from a buy rating to a neutral rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $42.30.
CalAtlantic Group (NYSE:CAA) opened at $48.09 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.12 and a quick ratio of 0.51. The firm has a market capitalization of $5,362.04, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Investors of record on Friday, December 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.33%. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.46%.
In related news, CEO Larry T. Nicholson sold 17,033 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $36.00, for a total value of $613,188.00. Following the sale, the chief executive officer now owns 594,600 shares in the company, valued at $21,405,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 39.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in shares of CalAtlantic Group by 3.8% in the second quarter. FMR LLC now owns 10,812,739 shares of the construction company’s stock worth $382,230,000 after buying an additional 400,103 shares in the last quarter. BlackRock Inc. raised its position in shares of CalAtlantic Group by 4.0% in the second quarter. BlackRock Inc. now owns 7,319,210 shares of the construction company’s stock worth $258,732,000 after buying an additional 283,517 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CalAtlantic Group by 3.7% in the second quarter. Vanguard Group Inc. now owns 6,099,512 shares of the construction company’s stock worth $215,618,000 after buying an additional 215,325 shares in the last quarter. Sanders Capital LLC raised its position in shares of CalAtlantic Group by 5.1% in the third quarter. Sanders Capital LLC now owns 4,380,539 shares of the construction company’s stock worth $175,352,000 after buying an additional 213,339 shares in the last quarter. Finally, Greenhaven Associates Inc. raised its position in shares of CalAtlantic Group by 4.9% in the third quarter. Greenhaven Associates Inc. now owns 3,198,013 shares of the construction company’s stock worth $117,143,000 after buying an additional 148,170 shares in the last quarter.
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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