Nationwide Fund Advisors lowered its stake in shares of CalAtlantic Group Inc (NYSE:CAA) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,363 shares of the industrial goods maker’s stock after selling 2,004 shares during the period. Nationwide Fund Advisors owned about 0.13% of CalAtlantic Group worth $5,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CAA. Thompson Davis & CO. Inc. purchased a new stake in shares of CalAtlantic Group during the second quarter worth about $138,000. Canada Pension Plan Investment Board purchased a new stake in shares of CalAtlantic Group during the second quarter worth about $154,000. Riverhead Capital Management LLC increased its stake in shares of CalAtlantic Group by 71.4% during the second quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock worth $155,000 after purchasing an additional 1,827 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of CalAtlantic Group during the second quarter worth about $222,000. Finally, Suntrust Banks Inc. increased its stake in shares of CalAtlantic Group by 3.2% during the second quarter. Suntrust Banks Inc. now owns 9,496 shares of the industrial goods maker’s stock worth $334,000 after purchasing an additional 297 shares in the last quarter.

CalAtlantic Group Inc (NYSE:CAA) opened at $54.53 on Thursday. The firm has a market cap of $6,040.81, a PE ratio of 16.20, a P/E/G ratio of 1.89 and a beta of 1.58. CalAtlantic Group Inc has a 52-week low of $32.47 and a 52-week high of $57.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91.

CalAtlantic Group (NYSE:CAA) last posted its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.07). The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. analysts anticipate that CalAtlantic Group Inc will post 3.42 EPS for the current fiscal year.

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

A number of analysts have recently commented on CAA shares. ValuEngine cut shares of CalAtlantic Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Mizuho lowered shares of CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Monday, November 13th. Deutsche Bank lowered shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research report on Monday, November 20th. JMP Securities lowered shares of CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Finally, UBS initiated coverage on shares of CalAtlantic Group in a research report on Wednesday, October 25th. They set a “neutral” rating and a $42.00 price target on the stock. Fifteen 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 price target of $46.11.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $51.94, for a total value of $5,194,000.00. Following the transaction, the chief executive officer now directly owns 714,691 shares in the company, valued at approximately $37,121,050.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $55.27, for a total transaction of $3,592,550.00. Following the completion of the transaction, the chief financial officer now owns 178,519 shares in the company, valued at $9,866,745.13. The disclosure for this sale can be found here. Insiders sold a total of 300,239 shares of company stock worth $15,584,165 over the last quarter. 39.50% of the stock is currently owned by company insiders.

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CalAtlantic Group Profile

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

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