CalAtlantic Group, Inc. (NYSE:CAA) was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating in a report issued on Monday. They presently have a $51.00 target price on the industrial goods maker’s stock. Mizuho’s price objective indicates a potential downside of 2.17% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. JMP Securities upgraded shares of CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Friday, July 21st. KeyCorp restated a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. ValuEngine raised shares of CalAtlantic Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wedbush reaffirmed an “ourperform” rating and set a $41.00 price objective on shares of CalAtlantic Group in a research report on Monday, July 31st. Finally, Credit Suisse Group raised shares of CalAtlantic Group from an “underperform” rating to a “neutral” rating and set a $32.00 price objective for the company in a research report on Tuesday, November 7th. Fourteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. CalAtlantic Group has a consensus rating of “Hold” and a consensus target price of $45.33.

Shares of CalAtlantic Group (CAA) opened at $52.13 on Monday. The company has a quick ratio of 0.29, a current ratio of 5.91 and a debt-to-equity ratio of 0.80. CalAtlantic Group has a fifty-two week low of $31.80 and a fifty-two week high of $52.73. The stock has a market cap of $5,716.43, a P/E ratio of 15.33, a PEG ratio of 1.79 and a beta of 1.54.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/calatlantic-group-inc-caa-stock-rating-lowered-by-mizuho/1704077.html.

In other news, CEO Larry T. Nicholson sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $51.94, for a total value of $5,194,000.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Larry T. Nicholson sold 17,033 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total transaction of $613,188.00. Following the sale, the chief executive officer now directly owns 594,600 shares of the company’s stock, valued at approximately $21,405,600. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new stake in CalAtlantic Group during the 3rd quarter valued at approximately $1,062,000. Maltese Capital Management LLC acquired a new stake in CalAtlantic Group during the 3rd quarter valued at approximately $5,795,000. California State Teachers Retirement System increased its position in CalAtlantic Group by 3.7% during the 3rd quarter. California State Teachers Retirement System now owns 134,920 shares of the industrial goods maker’s stock valued at $4,942,000 after purchasing an additional 4,840 shares during the period. KBC Group NV acquired a new stake in CalAtlantic Group during the 3rd quarter valued at approximately $8,882,000. Finally, Dimensional Fund Advisors LP increased its position in CalAtlantic Group by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,330,522 shares of the industrial goods maker’s stock valued at $121,995,000 after purchasing an additional 69,164 shares during the period.

CalAtlantic Group Company Profile

Analyst Recommendations for CalAtlantic Group (NYSE:CAA)

Receive News & Ratings for CalAtlantic Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAtlantic Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.