Russell Investments Group Ltd. Trims Holdings in CalAtlantic Group, Inc. (CAA)
Russell Investments Group Ltd. cut its holdings in shares of CalAtlantic Group, Inc. (NYSE:CAA) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 809,556 shares of the industrial goods maker’s stock after selling 11,122 shares during the quarter. Russell Investments Group Ltd. owned 0.73% of CalAtlantic Group worth $29,642,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its holdings in CalAtlantic Group by 3.8% during the 2nd quarter. FMR LLC now owns 10,812,739 shares of the industrial goods maker’s stock worth $382,230,000 after buying an additional 400,103 shares in the last quarter. BlackRock Inc. lifted its holdings in CalAtlantic Group by 4.0% during the 2nd quarter. BlackRock Inc. now owns 7,319,210 shares of the industrial goods maker’s stock worth $258,732,000 after buying an additional 283,517 shares in the last quarter. Vanguard Group Inc. lifted its holdings in CalAtlantic Group by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,099,512 shares of the industrial goods maker’s stock worth $215,618,000 after buying an additional 215,325 shares in the last quarter. Sanders Capital LLC lifted its holdings in CalAtlantic Group by 5.1% during the 3rd quarter. Sanders Capital LLC now owns 4,380,539 shares of the industrial goods maker’s stock worth $175,352,000 after buying an additional 213,339 shares in the last quarter. Finally, Greenhaven Associates Inc. lifted its holdings in CalAtlantic Group by 4.9% during the 3rd quarter. Greenhaven Associates Inc. now owns 3,198,013 shares of the industrial goods maker’s stock worth $117,143,000 after buying an additional 148,170 shares in the last quarter.
CAA has been the topic of a number of analyst reports. Wedbush restated an “ourperform” rating and issued a $41.00 price objective on shares of CalAtlantic Group in a report on Monday, July 31st. Barclays PLC raised their price objective on shares of CalAtlantic Group from $35.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. B. Riley restated a “neutral” rating on shares of CalAtlantic Group in a report on Wednesday, November 1st. MKM Partners lowered shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. Finally, KeyCorp restated a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. Fifteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.00.
In other CalAtlantic Group news, CEO Larry T. Nicholson sold 78,342 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the transaction, the chief executive officer now directly owns 693,033 shares of the company’s stock, valued at approximately $36,418,884.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Patrick Babel sold 12,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $52.48, for a total transaction of $629,760.00. Following the transaction, the executive vice president now directly owns 33,603 shares in the company, valued at $1,763,485.44. The disclosure for this sale can be found here. Insiders sold a total of 235,239 shares of company stock worth $11,991,615 over the last ninety days. Insiders own 39.50% of the company’s stock.
CalAtlantic Group, Inc. (NYSE CAA) opened at $53.93 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.91 and a quick ratio of 0.29. The company has a market cap of $5,933.79, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.86 and a beta of 1.54. CalAtlantic Group, Inc. has a 52-week low of $31.99 and a 52-week high of $54.06.
CalAtlantic Group (NYSE:CAA) last posted its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.07). The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. research analysts predict that CalAtlantic Group, Inc. will post 3.42 earnings per share for the current fiscal year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is 4.75%.
About CalAtlantic Group
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