Crossmark Global Holdings Inc. Purchases New Holdings in CalAtlantic Group, Inc. (CAA)

Crossmark Global Holdings Inc. purchased a new position in shares of CalAtlantic Group, Inc. (NYSE:CAA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,947 shares of the industrial goods maker’s stock, valued at approximately $548,000.

Several other hedge funds also recently bought and sold shares of the stock. Mengis Capital Management Inc. boosted its holdings in shares of CalAtlantic Group by 0.6% during the second quarter. Mengis Capital Management Inc. now owns 25,899 shares of the industrial goods maker’s stock worth $915,000 after purchasing an additional 150 shares during the period. Suntrust Banks Inc. lifted its stake in CalAtlantic Group by 3.2% in the second quarter. Suntrust Banks Inc. now owns 9,496 shares of the industrial goods maker’s stock valued at $334,000 after acquiring an additional 297 shares during the last quarter. Commerce Bank lifted its stake in CalAtlantic Group by 2.4% in the second quarter. Commerce Bank now owns 14,002 shares of the industrial goods maker’s stock valued at $495,000 after acquiring an additional 330 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in CalAtlantic Group by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 33,704 shares of the industrial goods maker’s stock valued at $1,191,000 after acquiring an additional 337 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in CalAtlantic Group by 1.1% in the second quarter. PNC Financial Services Group Inc. now owns 32,483 shares of the industrial goods maker’s stock valued at $1,148,000 after acquiring an additional 366 shares during the last quarter.

A number of analysts have issued reports on CAA shares. Mizuho started 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. ValuEngine upgraded shares of CalAtlantic Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Barclays PLC lifted their target price on shares of CalAtlantic Group from $35.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. KeyCorp reiterated a “hold” rating on shares of CalAtlantic Group in a research note on Friday, August 25th. Finally, JMP Securities cut shares of CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.33.

CalAtlantic Group, Inc. (NYSE CAA) opened at $52.31 on Friday. CalAtlantic Group, Inc. has a 52-week low of $31.99 and a 52-week high of $52.73. The company has a market cap of $5,771.57, a P/E ratio of 15.48, a PEG ratio of 1.81 and a beta of 1.54. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.91 and a quick ratio of 0.29.

CalAtlantic Group (NYSE:CAA) last released its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the Zacks’ 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 the consensus estimate of $1.55 billion. During the same period in the prior year, the business earned $0.97 EPS. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. sell-side analysts forecast that CalAtlantic Group, Inc. will post 3.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio is 4.75%.

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In other news, COO Peter G. Skelly sold 20,382 shares of CalAtlantic Group stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $51.63, for a total value of $1,052,322.66. Following the transaction, the chief operating officer now owns 174,159 shares of the company’s stock, valued at $8,991,829.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William L. Jews sold 7,482 shares of CalAtlantic Group stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $51.52, for a total transaction of $385,472.64. Following the completion of the transaction, the director now directly owns 41,717 shares in the company, valued at approximately $2,149,259.84. The disclosure for this sale can be found here. In the last three months, insiders sold 144,897 shares of company stock worth $7,244,983. Insiders own 39.50% of the company’s stock.

CalAtlantic Group Profile

Institutional Ownership by Quarter for CalAtlantic Group (NYSE:CAA)

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