Arizona State Retirement System boosted its stake in shares of CalAtlantic Group, Inc. (NYSE:CAA) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,400 shares of the construction company’s stock after buying an additional 400 shares during the period. Arizona State Retirement System’s holdings in CalAtlantic Group were worth $1,075,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in CalAtlantic Group by 15.3% in the fourth quarter. Teachers Advisors LLC now owns 91,603 shares of the construction company’s stock valued at $3,115,000 after buying an additional 12,171 shares in the last quarter. Bank of Montreal Can increased its position in CalAtlantic Group by 207.4% in the first quarter. Bank of Montreal Can now owns 11,129 shares of the construction company’s stock valued at $416,000 after buying an additional 7,509 shares in the last quarter. Capstone Asset Management Co. increased its position in CalAtlantic Group by 20.9% in the first quarter. Capstone Asset Management Co. now owns 14,987 shares of the construction company’s stock valued at $561,000 after buying an additional 2,590 shares in the last quarter. Louisiana State Employees Retirement System increased its position in CalAtlantic Group by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the construction company’s stock valued at $682,000 after buying an additional 100 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in CalAtlantic Group during the first quarter valued at $484,000.

CalAtlantic Group, Inc. (NYSE:CAA) opened at 34.15 on Wednesday. CalAtlantic Group, Inc. has a 12 month low of $30.18 and a 12 month high of $38.63. The stock’s 50 day moving average price is $35.94 and its 200-day moving average price is $36.11. The firm has a market capitalization of $3.76 billion, a P/E ratio of 9.40 and a beta of 1.45.

CalAtlantic Group (NYSE:CAA) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.03. CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm posted $0.83 EPS. CalAtlantic Group’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts forecast that CalAtlantic Group, Inc. will post $3.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.47%. CalAtlantic Group’s dividend payout ratio is presently 4.46%.

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CAA has been the subject of several research reports. Raymond James Financial, Inc. downgraded CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. ValuEngine raised CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 11th. Wedbush reissued an “outperform” rating and set a $41.00 price objective on shares of CalAtlantic Group in a research report on Tuesday, June 6th. Royal Bank Of Canada boosted their price objective on CalAtlantic Group from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 7th. Finally, Bank of America Corporation downgraded CalAtlantic Group from a “buy” rating to a “neutral” rating in a research report on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. CalAtlantic Group has a consensus rating of “Hold” and an average target price of $39.89.

In related news, Director David J. Matlin sold 14,510,008 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $33.22, for a total transaction of $482,022,465.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Larry T. Nicholson sold 9,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $35.94, for a total value of $323,460.00. Following the transaction, the chief executive officer now directly owns 620,737 shares of the company’s stock, valued at approximately $22,309,287.78. The disclosure for this sale can be found here. Insiders have sold a total of 14,528,112 shares of company stock valued at $482,670,158 in the last three months. 39.50% of the stock is 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.

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

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