Wedbush cut shares of CalAtlantic Group, Inc. (NYSE:CAA) from an outperform rating to a neutral rating in a report published on Tuesday morning, Marketbeat reports. The brokerage currently has $51.00 price objective on the construction company’s stock, up from their prior price objective of $41.00.

Several other analysts have also commented on CAA. Mizuho assumed coverage on shares of CalAtlantic Group in a research report on Thursday, October 26th. They set a buy rating and a $45.00 price target for the company. JMP Securities lowered shares of CalAtlantic Group from an outperform rating to a market perform rating in a research report on Monday, October 30th. UBS Group AG (USA) began coverage on shares of CalAtlantic Group in a research report on Wednesday, October 25th. They set a neutral rating and a $42.00 price target for the company. Barclays PLC raised shares of CalAtlantic Group from an underweight rating to an equal weight rating and set a $35.00 price objective for the company in a research report on Tuesday, July 11th. Finally, ValuEngine raised shares of CalAtlantic Group from a hold rating to a buy rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $42.30.

Shares of CalAtlantic Group (NYSE:CAA) opened at $48.09 on Tuesday. The stock has a market cap of $5.42 billion, a P/E ratio of 13.50, a PEG ratio of 1.71 and a beta of 1.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.51 and a current ratio of 8.12.

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The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Investors of record on Friday, December 15th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, December 14th. CalAtlantic Group’s payout ratio is currently 4.46%.

In related news, 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 value of $613,188.00. Following the transaction, the chief executive officer now owns 594,600 shares in the company, valued at approximately $21,405,600. The sale was disclosed in a filing with the SEC, which is available through this link. 39.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Mengis Capital Management Inc. increased its holdings in CalAtlantic Group by 0.6% in the 2nd quarter. Mengis Capital Management Inc. now owns 25,899 shares of the construction company’s stock worth $915,000 after buying an additional 150 shares during the period. Suntrust Banks Inc. increased its holdings in CalAtlantic Group by 3.2% in the 2nd quarter. Suntrust Banks Inc. now owns 9,496 shares of the construction company’s stock worth $334,000 after buying an additional 297 shares during the period. Commerce Bank increased its holdings in CalAtlantic Group by 2.4% in the 2nd quarter. Commerce Bank now owns 14,002 shares of the construction company’s stock worth $495,000 after buying an additional 330 shares during the period. Public Employees Retirement System of Ohio increased its holdings in CalAtlantic Group by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 33,704 shares of the construction company’s stock worth $1,191,000 after buying an additional 337 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in CalAtlantic Group by 1.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 32,483 shares of the construction company’s stock worth $1,148,000 after buying an additional 366 shares during the period.

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.

Analyst Recommendations for CalAtlantic Group (NYSE:CAA)

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