CalAtlantic Group, Inc. (CAA) Stock Rating Lowered by Mizuho
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.
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
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