SG Americas Securities LLC grew its holdings in shares of CalAtlantic Group Inc (NYSE:CAA) by 325.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,041 shares of the industrial goods maker’s stock after acquiring an additional 35,977 shares during the quarter. SG Americas Securities LLC’s holdings in CalAtlantic Group were worth $2,653,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of CAA. Cerebellum GP LLC acquired a new position in CalAtlantic Group during the fourth quarter worth about $126,000. Sciencast Management LP acquired a new position in CalAtlantic Group during the second quarter worth about $222,000. Norman Fields Gottscho Capital Management LLC acquired a new position in CalAtlantic Group during the fourth quarter worth about $230,000. Vantage Financial Partners Ltd. Inc. acquired a new position in CalAtlantic Group during the third quarter worth about $253,000. Finally, Virtu Financial LLC acquired a new position in CalAtlantic Group during the third quarter worth about $253,000. 94.46% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. B. Riley reissued a “neutral” rating on shares of CalAtlantic Group in a research note on Wednesday, November 1st. 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 research note on Tuesday, January 9th. ValuEngine raised CalAtlantic Group from a “hold” rating to a “buy” rating in a research note on Tuesday. MKM Partners downgraded CalAtlantic Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Finally, Wedbush downgraded CalAtlantic Group from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $41.00 to $51.00 in a research note on Tuesday, October 31st. Fifteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $53.60.
CalAtlantic Group (NYSE:CAA) last released its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $1.55 billion. During the same period in the prior year, the company earned $0.97 EPS. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. analysts expect that CalAtlantic Group Inc will post 3.3 EPS for the current fiscal year.
In other news, CFO Jeffrey Joseph Mccall sold 65,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 178,519 shares of the company’s stock, valued at $9,866,745.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Patrick Babel sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $52.48, for a total value of $629,760.00. Following the completion of the transaction, the executive vice president now directly owns 33,603 shares of the company’s stock, valued at approximately $1,763,485.44. The disclosure for this sale can be found here. Insiders sold 283,206 shares of company stock valued at $14,970,977 in the last ninety days. 39.50% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding CAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CalAtlantic Group Inc (NYSE:CAA).
Receive News & Ratings for CalAtlantic Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAtlantic Group and related companies with MarketBeat.com's FREE daily email newsletter.