Jennison Associates LLC trimmed its holdings in shares of CalAtlantic Group, Inc. (NYSE:CAA) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 985,366 shares of the industrial goods maker’s stock after selling 31,257 shares during the quarter. Jennison Associates LLC owned about 0.88% of CalAtlantic Group worth $36,094,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC boosted its holdings in CalAtlantic Group by 3.9% during the first quarter. Teachers Advisors LLC now owns 95,159 shares of the industrial goods maker’s stock valued at $3,564,000 after acquiring an additional 3,556 shares during the period. Legal & General Group Plc boosted its holdings in CalAtlantic Group by 177.8% during the first quarter. Legal & General Group Plc now owns 54,294 shares of the industrial goods maker’s stock valued at $2,033,000 after acquiring an additional 34,749 shares during the period. Morgan Stanley boosted its holdings in CalAtlantic Group by 124.5% during the first quarter. Morgan Stanley now owns 304,081 shares of the industrial goods maker’s stock valued at $11,387,000 after acquiring an additional 168,651 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in CalAtlantic Group by 8.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 337,625 shares of the industrial goods maker’s stock valued at $12,645,000 after acquiring an additional 26,701 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in CalAtlantic Group by 1.5% during the first quarter. Public Employees Retirement System of Ohio now owns 33,367 shares of the industrial goods maker’s stock valued at $1,250,000 after acquiring an additional 490 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 shares were sold at an average price of $51.94, for a total transaction of $5,194,000.00. Following the completion of the transaction, the chief executive officer now owns 714,691 shares in the company, valued at $37,121,050.54. The sale was disclosed in a filing with the SEC, which can be accessed through 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 transaction of $613,188.00. Following the transaction, the chief executive officer now owns 594,600 shares of the company’s stock, valued at approximately $21,405,600. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on the stock. Mizuho cut shares of CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a report on Monday. UBS AG upped their price target on shares of CalAtlantic Group from $42.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Barclays PLC upped their price target 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. Finally, Credit Suisse Group upgraded shares of CalAtlantic Group from an “underperform” rating to a “neutral” rating and set a $32.00 price target for the company in a report on Tuesday, November 7th. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. CalAtlantic Group presently has an average rating of “Hold” and a consensus target price of $45.33.

CalAtlantic Group, Inc. (NYSE:CAA) traded up $0.32 during midday trading on Wednesday, hitting $52.13. 2,721,700 shares of the company traded hands, compared to its average volume of 1,254,336. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. CalAtlantic Group, Inc. has a twelve month low of $31.80 and a twelve month high of $52.73. The company has a market capitalization of $5,716.43, a PE ratio of 15.33, a PEG ratio of 1.79 and a beta of 1.54.

CalAtlantic Group (NYSE:CAA) last released its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The company 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 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. sell-side analysts predict that CalAtlantic Group, Inc. will post 3.41 earnings per share for the current 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 paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s payout ratio is presently 4.75%.

About CalAtlantic Group

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

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