CalAtlantic Group (NYSE:CAA) has been assigned a $64.00 target price by equities research analysts at Mizuho in a report issued on Thursday. The brokerage currently has a “hold” rating on the industrial goods maker’s stock. Mizuho’s price target would indicate a potential downside of 0.54% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Tuesday, January 9th. B. Riley reissued a “neutral” rating on shares of CalAtlantic Group in a report on Wednesday, November 1st. Wedbush downgraded CalAtlantic Group from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $41.00 to $51.00 in a report on Tuesday, October 31st. UBS Group increased their price objective on CalAtlantic Group from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, ValuEngine raised CalAtlantic Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Fifteen analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $50.50.

CalAtlantic Group (CAA) opened at $64.35 on Thursday. 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 stock has a market capitalization of $7,030.00 and a P/E ratio of 19.09. CalAtlantic Group has a fifty-two week low of $32.47 and a fifty-two week high of $64.40.

CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.07). The business 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 period last year, the company earned $0.97 earnings per share. equities analysts anticipate that CalAtlantic Group will post 3.41 EPS for the current fiscal year.

In related news, CEO Larry T. Nicholson sold 100,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $51.94, for a total transaction of $5,194,000.00. Following the completion of the sale, the chief executive officer now directly owns 714,691 shares of the company’s stock, valued at $37,121,050.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William L. Jews sold 7,482 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $51.52, for a total value of $385,472.64. Following the sale, the director now directly owns 41,717 shares of the company’s stock, valued at $2,149,259.84. The disclosure for this sale can be found here. Insiders sold 283,206 shares of company stock valued at $14,970,977 over the last three months. Corporate insiders own 39.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC lifted its holdings 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 during the period. Sciencast Management LP acquired a new stake in shares of CalAtlantic Group during the second quarter worth $222,000. Norman Fields Gottscho Capital Management LLC acquired a new stake in shares of CalAtlantic Group during the fourth quarter worth $230,000. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of CalAtlantic Group during the third quarter worth $253,000. Finally, Virtu Financial LLC acquired a new stake in shares of CalAtlantic Group during the third quarter worth $253,000. 98.42% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for CalAtlantic Group (NYSE:CAA)

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