CalAtlantic Group Inc (CAA) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in shares of CalAtlantic Group Inc (NYSE:CAA) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,189 shares of the industrial goods maker’s stock after selling 1,870 shares during the quarter. Envestnet Asset Management Inc.’s holdings in CalAtlantic Group were worth $484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Suntrust Banks Inc. lifted its stake in shares of CalAtlantic Group by 3.2% during 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 period. Commerce Bank lifted its stake in shares of CalAtlantic Group by 2.4% during 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 period. Public Employees Retirement System of Ohio lifted its stake in shares of CalAtlantic Group by 1.0% during 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 period. PNC Financial Services Group Inc. lifted its stake in shares of CalAtlantic Group by 1.1% during 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 period. Finally, Arizona State Retirement System lifted its stake in shares of CalAtlantic Group by 1.3% during the second quarter. Arizona State Retirement System now owns 30,400 shares of the industrial goods maker’s stock valued at $1,075,000 after acquiring an additional 400 shares during the period.

Several equities analysts have recently issued reports on CAA shares. ValuEngine lowered CalAtlantic Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Mizuho lowered CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Monday, November 13th. Deutsche Bank lowered CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research note on Monday, November 20th. JMP Securities lowered CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Finally, UBS Group started coverage on CalAtlantic Group in a research note on Wednesday, October 25th. They set a “neutral” rating and a $42.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.11.

CalAtlantic Group Inc (CAA) opened at $57.10 on Friday. CalAtlantic Group Inc has a one year low of $32.47 and a one year high of $57.32. 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 $6,271.41, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.58.

CalAtlantic Group (NYSE:CAA) last released its earnings results 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 company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company posted $0.97 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. equities research analysts expect that CalAtlantic Group Inc will post 3.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 30th. Shareholders of record on Friday, December 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, December 14th. CalAtlantic Group’s payout ratio is 4.75%.

In other news, CEO Larry T. Nicholson sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $51.94, for a total transaction of $5,194,000.00. Following the sale, the chief executive officer now owns 714,691 shares of the company’s stock, valued at $37,121,050.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $55.27, for a total value of $3,592,550.00. Following the sale, the chief financial officer now directly 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 300,239 shares of company stock worth $15,584,165 in the last three months. Insiders own 39.50% of the company’s stock.

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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.

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

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