Today: Today, CalAtlantic Group Inc. (CAA) Given a $45.00 Price Target at MKM Partners

Today, CalAtlantic Group Inc. (CAA) Given a $45.00 Price Target at MKM Partners

MKM Partners set a $45.00 price objective on CalAtlantic Group Inc. (NYSE:CAA) in a report released on Thursday morning. The brokerage currently has a buy rating on the stock.

A number of other analysts have also issued reports on the stock. Evercore ISI began coverage on shares of CalAtlantic Group in a research report on Monday, November 14th. They set a buy rating and a $43.00 target price on the stock. JPMorgan Chase & Co. restated a buy rating on shares of CalAtlantic Group in a research report on Thursday, November 3rd. FBR & Co restated a hold rating and set a $38.00 target price on shares of CalAtlantic Group in a research report on Thursday, November 3rd. Zacks Investment Research lowered shares of CalAtlantic Group from a hold rating to a sell rating in a research report on Monday, October 31st. Finally, TheStreet lowered shares of CalAtlantic Group from a buy rating to a hold rating in a research report on Monday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $42.35.

CalAtlantic Group (NYSE:CAA) traded up 0.18% during mid-day trading on Thursday, hitting $34.12. The stock had a trading volume of 351,592 shares. CalAtlantic Group has a one year low of $26.97 and a one year high of $43.16. The company has a 50 day moving average price of $32.24 and a 200-day moving average price of $35.29. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 11.79 and a beta of 1.48.

CalAtlantic Group (NYSE:CAA) last announced its earnings results on Wednesday, October 26th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. CalAtlantic Group had a net margin of 6.44% and a return on equity of 11.73%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $0.59 earnings per share. CalAtlantic Group’s revenue was up 166.0% compared to the same quarter last year. Equities analysts expect that CalAtlantic Group will post $3.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Tuesday, December 13th. CalAtlantic Group’s dividend payout ratio is presently 5.56%.

In other news, CMO Wendy L. Marlett sold 18,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $34.51, for a total value of $621,180.00. Following the transaction, the chief marketing officer now owns 54,396 shares of the company’s stock, valued at approximately $1,877,205.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 37.80% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of CAA. Nordea Investment Management AB increased its stake in CalAtlantic Group by 3.9% in the second quarter. Nordea Investment Management AB now owns 50,278 shares of the company’s stock valued at $1,846,000 after buying an additional 1,867 shares during the period. Gray Financial Group GA ADV ADV purchased a new stake in CalAtlantic Group during the second quarter valued at about $216,000. Premier Asset Managment LLC purchased a new stake in CalAtlantic Group during the second quarter valued at about $9,932,000. Nisa Investment Advisors LLC increased its stake in CalAtlantic Group by 3.2% in the second quarter. Nisa Investment Advisors LLC now owns 40,122 shares of the company’s stock valued at $1,473,000 after buying an additional 1,250 shares during the period. Finally, Hexavest Inc. increased its stake in CalAtlantic Group by 102.0% in the second quarter. Hexavest Inc. now owns 1,445,101 shares of the company’s stock valued at $53,050,000 after buying an additional 729,824 shares during the period.

CalAtlantic Group Company Profile

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