Donald Smith & CO. Inc. acquired a new stake in shares of CalAtlantic Group, Inc. (NYSE:CAA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,752,049 shares of the industrial goods maker’s stock, valued at approximately $64,178,000. CalAtlantic Group accounts for about 1.5% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 19th biggest holding. Donald Smith & CO. Inc. owned approximately 1.57% of CalAtlantic Group at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Mengis Capital Management Inc. boosted its stake in shares of CalAtlantic Group by 0.6% during the second quarter. Mengis Capital Management Inc. now owns 25,899 shares of the industrial goods maker’s stock valued at $915,000 after purchasing an additional 150 shares during the period. Suntrust Banks Inc. lifted its stake in CalAtlantic Group by 3.2% in the second quarter. Suntrust Banks Inc. now owns 9,496 shares of the industrial goods maker’s stock worth $334,000 after acquiring an additional 297 shares during the period. Commerce Bank lifted its stake in CalAtlantic Group by 2.4% in the second quarter. Commerce Bank now owns 14,002 shares of the industrial goods maker’s stock worth $495,000 after acquiring an additional 330 shares during the period. Public Employees Retirement System of Ohio lifted its stake in CalAtlantic Group by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 33,704 shares of the industrial goods maker’s stock worth $1,191,000 after acquiring an additional 337 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in CalAtlantic Group by 1.1% in the second quarter. PNC Financial Services Group Inc. now owns 32,483 shares of the industrial goods maker’s stock worth $1,148,000 after acquiring an additional 366 shares during the period.

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In other CalAtlantic Group news, CEO Larry T. Nicholson sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 714,691 shares of the company’s stock, valued at $37,121,050.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Larry T. Nicholson sold 17,033 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was 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 directly owns 594,600 shares in the company, valued at $21,405,600. The disclosure for this sale can be found here. Insiders sold a total of 235,239 shares of company stock valued at $11,991,615 over the last quarter. 39.50% of the stock is owned by corporate insiders.

CalAtlantic Group, Inc. (NYSE:CAA) traded up $1.25 during midday trading on Wednesday, reaching $53.78. The company had a trading volume of 2,355,400 shares, compared to its average volume of 1,281,296. CalAtlantic Group, Inc. has a 52 week low of $31.99 and a 52 week high of $54.06. The company has a market cap of $5,795.87, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.54. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.91 and a quick ratio of 0.29.

CalAtlantic Group (NYSE:CAA) last released its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. CalAtlantic Group’s quarterly revenue was down 9.0% compared to the same quarter last year. equities 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. Investors of record on Friday, December 15th will be issued a $0.04 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.16 annualized dividend and a yield of 0.30%. CalAtlantic Group’s payout ratio is 4.75%.

A number of analysts recently commented on the company. Deutsche Bank AG lowered CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research note on Monday. Mizuho lowered CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, November 13th. UBS AG raised their price target on CalAtlantic Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Barclays PLC increased their price objective on CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Finally, B. Riley reiterated a “neutral” rating on shares of CalAtlantic Group in a report on Wednesday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.00.

About CalAtlantic Group

Institutional Ownership by Quarter for CalAtlantic Group (NYSE:CAA)

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