MKM Partners set a $45.00 target price on CalAtlantic Group Inc. (NYSE:CAA) in a report issued on Thursday morning. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on CAA. Evercore ISI began coverage on CalAtlantic Group in a report on Monday, November 14th. They issued a buy rating and a $43.00 price objective on the stock. JPMorgan Chase & Co. reiterated a buy rating on shares of CalAtlantic Group in a report on Thursday, November 3rd. FBR & Co reiterated a hold rating and issued a $38.00 price objective on shares of CalAtlantic Group in a report on Thursday, November 3rd. Zacks Investment Research cut CalAtlantic Group from a hold rating to a sell rating in a report on Monday, October 31st. Finally, TheStreet cut CalAtlantic Group from a buy rating to a hold rating in a report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $42.35.

Shares of CalAtlantic Group (NYSE:CAA) traded up 0.18% during midday trading on Thursday, hitting $34.12. The stock had a trading volume of 351,592 shares. The firm’s 50 day moving average price is $32.24 and its 200 day moving average price is $35.29. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 11.79 and a beta of 1.48. CalAtlantic Group has a 52-week low of $26.97 and a 52-week high of $43.16.

CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. CalAtlantic Group had a return on equity of 11.73% and a net margin of 6.44%. The firm earned $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the business earned $0.59 EPS. CalAtlantic Group’s revenue for the quarter was up 166.0% compared to the same quarter last year. On average, equities research analysts expect that CalAtlantic Group will post $3.42 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be read at https://www.thecerbatgem.com/2016/11/25/calatlantic-group-inc-caa-given-a-45-00-price-target-at-mkm-partners.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Tuesday, December 13th. CalAtlantic Group’s payout ratio is 5.56%.

In other CalAtlantic Group news, CMO Wendy L. Marlett sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $34.51, for a total value of $621,180.00. Following the sale, the chief marketing officer now owns 54,396 shares of the company’s stock, valued at $1,877,205.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 37.80% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in CalAtlantic Group by 3.9% in the second quarter. Nordea Investment Management AB now owns 50,278 shares of the company’s stock worth $1,846,000 after buying an additional 1,867 shares in the last quarter. Gray Financial Group GA ADV ADV bought a new stake in CalAtlantic Group during the second quarter worth $216,000. Premier Asset Managment LLC bought a new stake in CalAtlantic Group during the second quarter worth $9,932,000. Nisa Investment Advisors LLC raised its stake in CalAtlantic Group by 3.2% in the second quarter. Nisa Investment Advisors LLC now owns 40,122 shares of the company’s stock worth $1,473,000 after buying an additional 1,250 shares in the last quarter. Finally, Hexavest Inc. raised its stake in CalAtlantic Group by 102.0% in the second quarter. Hexavest Inc. now owns 1,445,101 shares of the company’s stock worth $53,050,000 after buying an additional 729,824 shares in the last quarter.

CalAtlantic Group Company Profile

CalAtlantic Group, Inc, formerly Standard Pacific Corp., is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The Company’s homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

5 Day Chart for NYSE:CAA

Receive News & Stock 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 stocks with our FREE daily email newsletter.