CalAtlantic Group (NYSE:CAA) had its target price hoisted by UBS Group from $55.00 to $63.00 in a research report report published on Wednesday, 99wallstreet.com reports. They currently have a neutral rating on the industrial goods maker’s stock.

A number of other research analysts have also issued reports on CAA. ValuEngine raised CalAtlantic Group from a hold rating to a buy rating in a report on Monday, October 2nd. Mizuho initiated coverage on CalAtlantic Group in a report on Thursday, October 26th. They set a buy rating and a $45.00 target price on the stock. JMP Securities lowered CalAtlantic Group from an outperform rating to a market perform rating in a report on Monday, October 30th. Wedbush lowered CalAtlantic Group from an outperform rating to a neutral rating and lifted their target price for the stock from $41.00 to $51.00 in a report on Tuesday, October 31st. Finally, MKM Partners lowered CalAtlantic Group from a buy rating to a neutral rating in a report on Tuesday, October 31st. Fifteen equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. CalAtlantic Group presently has an average rating of Hold and a consensus target price of $49.20.

CalAtlantic Group (CAA) traded down $0.12 during trading hours on Wednesday, reaching $63.14. The company had a trading volume of 1,313,514 shares, compared to its average volume of 1,685,375. The firm has a market capitalization of $7,040.00 and a price-to-earnings ratio of 18.74. CalAtlantic Group has a 1 year low of $32.47 and a 1 year high of $64.40. 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 (NYSE:CAA) last released its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. CalAtlantic Group’s revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. equities analysts anticipate that CalAtlantic Group will post 3.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 30th. Investors of record on Friday, December 15th were paid a $0.04 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.25%. CalAtlantic Group’s dividend payout ratio is currently 4.75%.

In other CalAtlantic Group news, EVP John Patrick Babel sold 12,000 shares of CalAtlantic Group stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.48, for a total transaction of $629,760.00. Following the transaction, the executive vice president now owns 33,603 shares of the company’s stock, valued at approximately $1,763,485.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Larry T. Nicholson sold 100,000 shares of CalAtlantic Group 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 disclosure for this sale can be found here. Insiders sold a total of 283,206 shares of company stock worth $14,970,977 in the last three months. 39.50% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its stake in CalAtlantic Group by 8.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 445,233 shares of the industrial goods maker’s stock valued at $25,107,000 after acquiring an additional 34,351 shares in the last quarter. Bank of Montreal Can grew its stake in CalAtlantic Group by 3,757.2% during the 4th quarter. Bank of Montreal Can now owns 98,705 shares of the industrial goods maker’s stock valued at $5,566,000 after acquiring an additional 96,146 shares in the last quarter. Norman Fields Gottscho Capital Management LLC purchased a new position in CalAtlantic Group during the 4th quarter valued at about $230,000. Public Employees Retirement System of Ohio grew its stake in CalAtlantic Group by 46.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,367 shares of the industrial goods maker’s stock valued at $1,808,000 after acquiring an additional 15,663 shares in the last quarter. Finally, RWC Asset Management LLP grew its stake in CalAtlantic Group by 22.1% during the 3rd quarter. RWC Asset Management LLP now owns 232,900 shares of the industrial goods maker’s stock valued at $8,531,000 after acquiring an additional 42,152 shares in the last quarter. 98.42% of the stock is currently owned by institutional investors.

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CalAtlantic Group Company 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.

Analyst Recommendations for CalAtlantic Group (NYSE:CAA)

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