ClariVest Asset Management LLC boosted its position in shares of CalAtlantic Group, Inc. (NYSE:CAA) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,820 shares of the industrial goods maker’s stock after buying an additional 3,100 shares during the quarter. ClariVest Asset Management LLC owned 0.09% of CalAtlantic Group worth $3,510,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. bought a new position in CalAtlantic Group during the second quarter valued at about $138,000. Canada Pension Plan Investment Board bought a new position in CalAtlantic Group during the second quarter valued at about $154,000. Riverhead Capital Management LLC boosted its stake in CalAtlantic Group by 71.4% during the second quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock valued at $155,000 after buying an additional 1,827 shares in the last quarter. LS Investment Advisors LLC boosted its stake in CalAtlantic Group by 16.4% during the second quarter. LS Investment Advisors LLC now owns 6,095 shares of the industrial goods maker’s stock valued at $215,000 after buying an additional 859 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in shares of CalAtlantic Group in the 2nd quarter valued at $222,000.

Shares of CalAtlantic Group, Inc. (NYSE:CAA) traded up $0.70 during mid-day trading on Monday, reaching $52.31. The company had a trading volume of 3,336,500 shares, compared to its average volume of 1,274,030. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5,771.60, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.81 and a beta of 1.54. CalAtlantic Group, Inc. has a twelve month low of $31.99 and a twelve month high of $52.73.

CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm earned $0.97 EPS. CalAtlantic Group’s quarterly revenue was down 9.0% compared to the same quarter last year. research analysts anticipate that CalAtlantic Group, Inc. will post 3.41 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Shareholders of record on Friday, December 15th will be given a $0.04 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.16 annualized dividend and a yield of 0.31%. CalAtlantic Group’s payout ratio is 4.75%.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 100,000 shares of CalAtlantic Group stock in a transaction 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 in the company, valued at approximately $37,121,050.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Larry T. Nicholson sold 17,033 shares of CalAtlantic Group stock in a transaction 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 completion of the transaction, the chief executive officer now owns 594,600 shares of the company’s stock, valued at approximately $21,405,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,897 shares of company stock valued at $7,244,983. Corporate insiders own 39.50% of the company’s stock.

Several equities research analysts recently issued reports on CAA shares. ValuEngine downgraded CalAtlantic Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of CalAtlantic Group in a research note on Friday, August 25th. Mizuho set a $51.00 price objective on CalAtlantic Group and gave the company a “buy” rating in a research note on Wednesday, November 1st. UBS AG raised their target price on CalAtlantic Group from $42.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Finally, Barclays PLC raised their target price on CalAtlantic Group from $35.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Fifteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $45.33.

ILLEGAL ACTIVITY WARNING: “ClariVest Asset Management LLC Increases Position in CalAtlantic Group, Inc. (CAA)” was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/clarivest-asset-management-llc-increases-position-in-calatlantic-group-inc-caa/1715863.html.

About CalAtlantic Group

Institutional Ownership by Quarter 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.