CalAtlantic Group, Inc. (CAA) Downgraded by Mizuho

Mizuho lowered shares of CalAtlantic Group, Inc. (NYSE:CAA) from a buy rating to a neutral rating in a report published on Monday, Marketbeat Ratings reports. Mizuho currently has $51.00 price objective on the industrial goods maker’s stock.

CAA has been the subject of a number of other research reports. ValuEngine lowered shares of CalAtlantic Group from a buy rating to a hold rating in a report on Friday, September 1st. KeyCorp reaffirmed a hold rating on shares of CalAtlantic Group in a report on Friday, August 25th. MKM Partners lowered shares of CalAtlantic Group from a buy rating to a neutral rating in a report on Tuesday, October 31st. UBS AG initiated coverage on shares of CalAtlantic Group in a report on Wednesday, October 25th. They set a neutral rating and a $42.00 target price for the company. Finally, Barclays PLC lifted their target price on shares of CalAtlantic Group from $35.00 to $50.00 and gave the stock an equal weight rating in a report on Thursday, November 9th. Fourteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. CalAtlantic Group has an average rating of Hold and an average target price of $45.33.

CalAtlantic Group (CAA) traded down $0.62 on Monday, reaching $51.51. 2,591,500 shares of the company’s stock were exchanged, compared to its average volume of 1,260,387. The company has a quick ratio of 0.29, a current ratio of 5.91 and a debt-to-equity ratio of 0.80. CalAtlantic Group has a 12-month low of $31.82 and a 12-month high of $52.73. The firm has a market cap of $5,751.74, a price-to-earnings ratio of 15.42, a PEG ratio of 1.80 and a beta of 1.54.

CalAtlantic Group (NYSE:CAA) last released its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $0.97 EPS. CalAtlantic Group’s revenue was down 9.0% on a year-over-year basis. equities analysts forecast that CalAtlantic Group will post 3.41 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.31%. CalAtlantic Group’s dividend payout ratio is 4.75%.

In related news, CEO Larry T. Nicholson sold 100,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 714,691 shares of the company’s stock, valued at approximately $37,121,050.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Larry T. Nicholson sold 17,033 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total transaction of $613,188.00. Following the completion of the sale, the chief executive officer now directly owns 594,600 shares in the company, valued at $21,405,600. The disclosure for this sale can be found here. Insiders sold a total of 137,415 shares of company stock worth $6,859,511 over the last ninety days. 39.50% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CAA. Donald Smith & CO. Inc. bought a new stake in CalAtlantic Group in the 3rd quarter valued at $64,178,000. Balyasny Asset Management LLC lifted its position in CalAtlantic Group by 515.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,261,045 shares of the industrial goods maker’s stock worth $44,578,000 after buying an additional 1,056,155 shares in the last quarter. JPMorgan Chase & Co. lifted its position in CalAtlantic Group by 283.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,189,005 shares of the industrial goods maker’s stock worth $43,054,000 after buying an additional 879,180 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in CalAtlantic Group during the 2nd quarter worth about $30,069,000. Finally, Greenhaven Associates Inc. lifted its position in CalAtlantic Group by 19.2% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the industrial goods maker’s stock worth $107,812,000 after buying an additional 491,510 shares in the last quarter.

CalAtlantic Group Company Profile

Analyst Recommendations for CalAtlantic Group (NYSE:CAA)

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