CalAtlantic Group, Inc. (CAA) Shares Bought by AHL Partners LLP
AHL Partners LLP boosted its stake in CalAtlantic Group, Inc. (NYSE:CAA) by 248.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,912 shares of the construction company’s stock after purchasing an additional 121,135 shares during the quarter. AHL Partners LLP owned about 0.15% of CalAtlantic Group worth $6,007,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of CalAtlantic Group by 14,538.5% during the 1st quarter. BlackRock Inc. now owns 7,035,693 shares of the construction company’s stock valued at $263,486,000 after buying an additional 6,987,630 shares in the last quarter. Balyasny Asset Management LLC raised its position in shares of CalAtlantic Group by 515.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,261,045 shares of the construction company’s stock valued at $44,578,000 after buying an additional 1,056,155 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of CalAtlantic Group during the 2nd quarter valued at about $30,069,000. Vanguard Group Inc. raised its position in shares of CalAtlantic Group by 9.8% during the 1st quarter. Vanguard Group Inc. now owns 5,884,187 shares of the construction company’s stock valued at $220,362,000 after buying an additional 523,054 shares in the last quarter. Finally, Greenhaven Associates Inc. raised its position in shares of CalAtlantic Group by 19.2% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the construction company’s stock valued at $107,812,000 after buying an additional 491,510 shares in the last quarter.
In other CalAtlantic Group news, CEO Larry T. Nicholson sold 17,033 shares of CalAtlantic Group stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total transaction of $613,188.00. Following the transaction, the chief executive officer now directly owns 594,600 shares of the company’s stock, valued at $21,405,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.50% of the stock is owned by insiders.
Shares of CalAtlantic Group, Inc. (NYSE CAA) opened at 38.31 on Friday. The stock has a market capitalization of $4.22 billion, a PE ratio of 10.54 and a beta of 1.42. CalAtlantic Group, Inc. has a 12 month low of $30.18 and a 12 month high of $38.63. The stock’s 50 day moving average is $35.17 and its 200 day moving average is $36.07.
CalAtlantic Group (NYSE:CAA) last issued its earnings results on Thursday, July 27th. The construction company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $0.83 earnings per share. CalAtlantic Group’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts anticipate that CalAtlantic Group, Inc. will post $3.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Thursday, September 14th. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.46%.
Several brokerages have recently issued reports on CAA. ValuEngine upgraded shares of CalAtlantic Group from a “hold” rating to a “buy” rating in a research report on Monday. KeyCorp restated a “hold” rating on shares of CalAtlantic Group in a research report on Friday, August 25th. Wedbush restated an “ourperform” rating and set a $41.00 target price on shares of CalAtlantic Group in a research report on Monday, July 31st. JMP Securities upgraded shares of CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Friday, July 21st. Finally, Barclays PLC upgraded shares of CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 target price on the stock in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.
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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.
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