Tudor Investment Corp ET AL raised its holdings in CalAtlantic Group, Inc. (NYSE:CAA) by 262.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,844 shares of the construction company’s stock after buying an additional 86,011 shares during the quarter. Tudor Investment Corp ET AL owned about 0.11% of CalAtlantic Group worth $4,201,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Mengis Capital Management Inc. grew its position in shares of CalAtlantic Group by 0.6% in the 2nd quarter. Mengis Capital Management Inc. now owns 25,899 shares of the construction company’s stock worth $915,000 after buying an additional 150 shares during the last quarter. Advantus Capital Management Inc grew its position in shares of CalAtlantic Group by 2.2% in the 1st quarter. Advantus Capital Management Inc now owns 9,233 shares of the construction company’s stock worth $346,000 after buying an additional 202 shares during the last quarter. Suntrust Banks Inc. grew its position in shares of CalAtlantic Group by 3.2% in the 2nd quarter. Suntrust Banks Inc. now owns 9,496 shares of the construction company’s stock worth $334,000 after buying an additional 297 shares during the last quarter. Commerce Bank grew its position in shares of CalAtlantic Group by 2.4% in the 2nd quarter. Commerce Bank now owns 14,002 shares of the construction company’s stock worth $495,000 after buying an additional 330 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of CalAtlantic Group by 1.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 32,483 shares of the construction company’s stock worth $1,148,000 after buying an additional 366 shares during the last quarter.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 17,033 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $36.00, for a total transaction of $613,188.00. Following the sale, the chief executive officer now owns 594,600 shares of the company’s stock, valued at approximately $21,405,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Larry T. Nicholson sold 9,004 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $35.61, for a total value of $320,632.44. Following the sale, the chief executive officer now directly owns 611,733 shares in the company, valued at approximately $21,783,812.13. The disclosure for this sale can be found here. Insiders have sold a total of 26,137 shares of company stock worth $937,420 in the last ninety days. Insiders own 39.50% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “CalAtlantic Group, Inc. (CAA) Stake Raised by Tudor Investment Corp ET AL” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/09/30/calatlantic-group-inc-caa-stake-raised-by-tudor-investment-corp-et-al.html.

CalAtlantic Group, Inc. (NYSE CAA) traded up 1.16% during midday trading on Friday, hitting $36.63. The company had a trading volume of 1,195,452 shares. The stock has a 50 day moving average price of $34.87 and a 200 day moving average price of $36.12. The company has a market capitalization of $4.04 billion, a P/E ratio of 10.08 and a beta of 1.41. CalAtlantic Group, Inc. has a 52 week low of $30.18 and a 52 week high of $38.63.

CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. Equities analysts forecast that CalAtlantic Group, Inc. will post $3.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.16 annualized dividend and a yield of 0.44%. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.46%.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered CalAtlantic Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of CalAtlantic Group in a research report on Friday, August 25th. Wedbush reiterated an “ourperform” rating and issued a $41.00 price objective on shares of CalAtlantic Group in a research report on Monday, July 31st. JMP Securities upgraded CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Friday, July 21st. Finally, Barclays PLC upgraded CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 price objective on the stock in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. CalAtlantic Group has an average rating of “Hold” and a consensus price target of $39.89.

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.

Institutional Ownership by Quarter for CalAtlantic Group (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.