CalAtlantic Group, Inc. (NYSE:CAA) – Stock analysts at Wedbush dropped their Q2 2018 earnings estimates for shares of CalAtlantic Group in a research note issued on Thursday. Wedbush analyst J. Mccanless now expects that the industrial goods maker will post earnings of $0.95 per share for the quarter, down from their prior forecast of $0.96. Wedbush has a “Neutral” rating and a $51.00 price objective on the stock.
CAA has been the subject of several other research reports. JMP Securities raised CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Friday, July 21st. Barclays PLC increased their price target on CalAtlantic Group from $35.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. B. Riley reiterated a “neutral” rating on shares of CalAtlantic Group in a research report on Wednesday, November 1st. MKM Partners lowered CalAtlantic Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Finally, KeyCorp reiterated a “hold” rating on shares of CalAtlantic Group in a research report on Friday, August 25th. Fourteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. CalAtlantic Group currently has a consensus rating of “Hold” and an average target price of $45.10.
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Shares of CalAtlantic Group (NYSE CAA) traded down $0.16 during mid-day trading on Monday, reaching $51.81. The company had a trading volume of 3,046,100 shares, compared to its average volume of 1,247,636. CalAtlantic Group has a fifty-two week low of $31.43 and a fifty-two week high of $52.73. The company has a market capitalization of $5,734.08, a PE ratio of 15.38, a P/E/G ratio of 1.84 and a beta of 1.54. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.91 and a quick ratio of 0.29.
CalAtlantic Group (NYSE:CAA) last announced 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 firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business earned $0.97 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year.
The firm also recently disclosed 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 yield of 0.31%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio is currently 4.75%.
In related news, CEO Larry T. Nicholson sold 17,033 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $36.00, for a total value of $613,188.00. Following the completion of the sale, the chief executive officer now directly owns 594,600 shares of the company’s stock, valued at approximately $21,405,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in CAA. Thompson Davis & CO. Inc. purchased a new stake in CalAtlantic Group in the 2nd quarter worth about $138,000. Canada Pension Plan Investment Board purchased a new stake in CalAtlantic Group in the 2nd quarter worth about $154,000. Riverhead Capital Management LLC lifted its stake in CalAtlantic Group by 71.4% in the 2nd 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. LS Investment Advisors LLC raised its stake in shares of CalAtlantic Group by 16.4% during the 2nd quarter. LS Investment Advisors LLC now owns 6,095 shares of the industrial goods maker’s stock worth $215,000 after purchasing an additional 859 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of CalAtlantic Group during the 2nd quarter worth about $222,000.
CalAtlantic Group Company Profile
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