CalAtlantic Group, Inc. (NYSE:CAA) CEO Larry T. Nicholson sold 78,342 shares of CalAtlantic Group stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the transaction, the chief executive officer now directly owns 693,033 shares in the company, valued at $36,418,884.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of CalAtlantic Group, Inc. (NYSE:CAA) traded up $1.25 during mid-day trading on Wednesday, hitting $53.78. 2,355,400 shares of the company were exchanged, compared to its average volume of 1,281,296. 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 $5,795.87, a PE ratio of 15.54, a P/E/G ratio of 1.82 and a beta of 1.54. CalAtlantic Group, Inc. has a 52-week low of $31.99 and a 52-week high of $54.06.

CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. equities analysts forecast that CalAtlantic Group, Inc. will post 3.41 earnings per share for the current fiscal year.

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 issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is currently 4.75%.

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A number of equities analysts have commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of CalAtlantic Group in a research note on Wednesday, November 1st. Wedbush cut shares of CalAtlantic Group from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $41.00 to $51.00 in a research report on Tuesday, October 31st. UBS AG lifted their price target on shares of CalAtlantic Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. MKM Partners cut shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Finally, Mizuho cut shares of CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Monday, November 13th. Fifteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. CalAtlantic Group currently has a consensus rating of “Hold” and an average price target of $46.00.

Several hedge funds have recently made changes to their positions in CAA. Teachers Advisors LLC grew its holdings in shares of CalAtlantic Group by 3.9% in the first quarter. Teachers Advisors LLC now owns 95,159 shares of the industrial goods maker’s stock valued at $3,564,000 after purchasing an additional 3,556 shares in the last quarter. Morgan Stanley grew its holdings in shares of CalAtlantic Group by 124.5% in the first quarter. Morgan Stanley now owns 304,081 shares of the industrial goods maker’s stock valued at $11,387,000 after purchasing an additional 168,651 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of CalAtlantic Group by 1.5% in the first quarter. Public Employees Retirement System of Ohio now owns 33,367 shares of the industrial goods maker’s stock valued at $1,250,000 after purchasing an additional 490 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of CalAtlantic Group by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 27,702 shares of the industrial goods maker’s stock valued at $979,000 after purchasing an additional 1,132 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in shares of CalAtlantic Group by 16.4% in the second quarter. LS Investment Advisors LLC now owns 6,095 shares of the industrial goods maker’s stock valued at $215,000 after purchasing an additional 859 shares in the last quarter.

CalAtlantic Group Company Profile

Insider Buying and Selling by Quarter for CalAtlantic Group (NYSE:CAA)

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