Teachers Advisors LLC boosted its position in shares of CalAtlantic Group, Inc. (NYSE:CAA) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,159 shares of the construction company’s stock after buying an additional 3,556 shares during the period. Teachers Advisors LLC’s holdings in CalAtlantic Group were worth $3,564,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAA. Wells Fargo & Company MN raised its position in CalAtlantic Group by 2.9% in the first quarter. Wells Fargo & Company MN now owns 149,362 shares of the construction company’s stock worth $5,594,000 after buying an additional 4,253 shares during the period. Oregon Public Employees Retirement Fund raised its position in CalAtlantic Group by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 26,570 shares of the construction company’s stock worth $995,000 after buying an additional 300 shares during the period. PM CAPITAL Ltd purchased a new position in CalAtlantic Group during the first quarter worth approximately $1,860,000. Greenhaven Associates Inc. raised its position in CalAtlantic Group by 19.6% in the first quarter. Greenhaven Associates Inc. now owns 2,558,333 shares of the construction company’s stock worth $95,810,000 after buying an additional 419,713 shares during the period. Finally, Consolidated Investment Group LLC raised its position in CalAtlantic Group by 37.8% in the first quarter. Consolidated Investment Group LLC now owns 50,300 shares of the construction company’s stock worth $1,884,000 after buying an additional 13,800 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Shares of CalAtlantic Group, Inc. (NYSE CAA) opened at 35.51 on Thursday. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.77 and a beta of 1.45. CalAtlantic Group, Inc. has a 52-week low of $30.18 and a 52-week high of $38.63. The firm’s 50-day moving average is $36.07 and its 200 day moving average is $36.14.

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 analysts’ consensus estimates of $0.78 by $0.03. CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect that CalAtlantic Group, Inc. will post $3.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.45%. CalAtlantic Group’s payout ratio is currently 4.46%.

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Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of CalAtlantic Group from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. ValuEngine lowered shares of CalAtlantic Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd. JMP Securities upgraded shares of CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Friday, July 21st. Wedbush reiterated an “outperform” rating and issued a $41.00 target price on shares of CalAtlantic Group in a research report on Tuesday, June 6th. Finally, Barclays PLC upgraded shares of CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 target price for the company in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.10.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 9,000 shares of CalAtlantic Group stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $35.94, for a total value of $323,460.00. Following the completion of the transaction, the chief executive officer now directly owns 620,737 shares of the company’s stock, valued at approximately $22,309,287.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Larry T. Nicholson sold 9,004 shares of CalAtlantic Group stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $35.61, for a total transaction of $320,632.44. Following the completion of the transaction, the chief executive officer now directly owns 611,733 shares of the company’s stock, valued at $21,783,812.13. The disclosure for this sale can be found here. Insiders sold a total of 14,528,112 shares of company stock valued at $482,670,158 over the last three months. 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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