JPMorgan Chase & Co. increased its holdings in CalAtlantic Group, Inc. (NYSE:CAA) by 283.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,189,005 shares of the industrial goods maker’s stock after acquiring an additional 879,180 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.07% of CalAtlantic Group worth $43,054,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new position in shares of CalAtlantic Group in the second quarter worth about $138,000. Canada Pension Plan Investment Board acquired a new position in shares of CalAtlantic Group in the second quarter worth about $154,000. Riverhead Capital Management LLC lifted its stake in shares of CalAtlantic Group by 71.4% in the second quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock worth $155,000 after acquiring an additional 1,827 shares in the last quarter. Sciencast Management LP acquired a new position in shares of CalAtlantic Group in the second quarter worth about $222,000. Finally, Vantage Financial Partners Ltd. Inc. acquired a new position in shares of CalAtlantic Group in the third quarter worth about $253,000.

Several research analysts recently commented on CAA shares. ValuEngine cut CalAtlantic Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Mizuho lowered CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Monday, November 13th. Deutsche Bank lowered CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a report on Monday, November 20th. JMP Securities lowered CalAtlantic Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Finally, UBS started coverage on CalAtlantic Group in a report on Wednesday, October 25th. They issued a “neutral” rating and a $42.00 price objective for the company. Fifteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CalAtlantic Group has a consensus rating of “Hold” and a consensus target price of $46.11.

In other news, CEO Larry T. Nicholson sold 78,342 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the completion of the transaction, the chief executive officer now directly owns 693,033 shares of the company’s stock, valued at $36,418,884.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Larry T. Nicholson sold 17,033 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total value 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 disclosure for this sale can be found here. Insiders have sold 235,239 shares of company stock valued at $11,991,615 over the last ninety days. Corporate insiders own 39.50% of the company’s stock.

Shares of CalAtlantic Group, Inc. (CAA) opened at $55.40 on Friday. The company has a quick ratio of 0.29, a current ratio of 5.91 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6,112.50, a PE ratio of 16.39, a P/E/G ratio of 1.92 and a beta of 1.58. CalAtlantic Group, Inc. has a fifty-two week low of $32.47 and a fifty-two week high of $57.04.

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 Thomson Reuters’ consensus estimate of $0.82 by ($0.07). The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. equities analysts anticipate that CalAtlantic Group, Inc. will post 3.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.75%.

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CalAtlantic Group Profile

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

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