Great West Life Assurance Co. Can increased its stake in CalAtlantic Group, Inc. (NYSE:CAA) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,809 shares of the construction company’s stock after buying an additional 3,527 shares during the period. Great West Life Assurance Co. Can’s holdings in CalAtlantic Group were worth $1,654,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of CAA. FMR LLC raised its stake in CalAtlantic Group by 19.5% in the first quarter. FMR LLC now owns 10,412,636 shares of the construction company’s stock valued at $389,953,000 after buying an additional 1,701,035 shares in the last quarter. BlackRock Inc. raised its stake in CalAtlantic Group by 14,538.5% in the first quarter. BlackRock Inc. now owns 7,035,693 shares of the construction company’s stock valued at $263,486,000 after buying an additional 6,987,630 shares in the last quarter. Vanguard Group Inc. raised its stake in CalAtlantic Group by 9.8% in the first quarter. Vanguard Group Inc. now owns 5,884,187 shares of the construction company’s stock valued at $220,362,000 after buying an additional 523,054 shares in the last quarter. Sanders Capital LLC raised its stake in CalAtlantic Group by 3.8% in the second quarter. Sanders Capital LLC now owns 4,167,200 shares of the construction company’s stock valued at $161,972,000 after buying an additional 153,652 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CalAtlantic Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,329,794 shares of the construction company’s stock valued at $124,700,000 after buying an additional 52,570 shares in the last quarter.

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

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

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

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Several analysts have issued reports on CAA shares. Royal Bank Of Canada raised their price target on shares of CalAtlantic Group from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 7th. Wedbush reiterated an “outperform” rating and set a $41.00 target price on shares of CalAtlantic Group in a research report on Tuesday, June 6th. Raymond James Financial, Inc. lowered shares of CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. Bank of America Corporation lowered shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a research report on Thursday, June 8th. Finally, BidaskClub upgraded shares of CalAtlantic Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.89.

In related news, CEO Larry T. Nicholson sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $35.94, for a total transaction of $323,460.00. Following the completion of the transaction, the chief executive officer now owns 620,737 shares in the company, valued at $22,309,287.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Larry T. Nicholson sold 9,004 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $35.61, for a total value of $320,632.44. Following the transaction, the chief executive officer now owns 611,733 shares of the company’s stock, valued at approximately $21,783,812.13. The disclosure for this sale can be found here. Insiders sold 14,528,112 shares of company stock valued at $482,670,158 in the last quarter. Corporate insiders own 39.50% of the company’s stock.

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.

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

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