CalAtlantic Group Inc. (NYSE:CAA) declared a quarterly dividend on Friday, October 28th. Stockholders of record on Thursday, December 15th will be given a dividend of 0.04 per share on Friday, December 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Tuesday, December 13th.
CalAtlantic Group (NYSE:CAA) opened at 31.96 on Monday. The stock has a 50 day moving average price of $33.13 and a 200-day moving average price of $35.49. CalAtlantic Group has a 12-month low of $26.97 and a 12-month high of $43.24. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 11.04 and a beta of 1.59.
CalAtlantic Group (NYSE:CAA) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The firm earned $1.67 billion during the quarter, compared to the consensus estimate of $1.68 billion. CalAtlantic Group had a return on equity of 11.73% and a net margin of 6.44%. CalAtlantic Group’s revenue for the quarter was up 166.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 earnings per share. Equities analysts forecast that CalAtlantic Group will post $3.47 earnings per share for the current year.
In related news, CMO Wendy L. Marlett sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $34.51, for a total value of $621,180.00. Following the sale, the chief marketing officer now directly owns 54,396 shares in the company, valued at approximately $1,877,205.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 37.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CAA. US Bancorp DE boosted its stake in CalAtlantic Group by 0.9% in the second quarter. US Bancorp DE now owns 27,051 shares of the company’s stock valued at $993,000 after buying an additional 236 shares in the last quarter. Profund Advisors LLC boosted its stake in CalAtlantic Group by 2.7% in the second quarter. Profund Advisors LLC now owns 10,835 shares of the company’s stock valued at $398,000 after buying an additional 281 shares in the last quarter. Sei Investments Co. boosted its stake in CalAtlantic Group by 2.3% in the second quarter. Sei Investments Co. now owns 69,939 shares of the company’s stock valued at $2,568,000 after buying an additional 1,559 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in CalAtlantic Group by 33.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 15,922 shares of the company’s stock valued at $584,000 after buying an additional 4,000 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in CalAtlantic Group during the second quarter valued at approximately $166,000.
A number of research analysts recently commented on CAA shares. TheStreet raised CalAtlantic Group from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CalAtlantic Group in a report on Tuesday, July 12th. RBC Capital Markets started coverage on CalAtlantic Group in a report on Tuesday, July 19th. They set a “buy” rating and a $48.00 target price on the stock. MKM Partners reduced their target price on CalAtlantic Group from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Finally, Bank of America Corp. raised CalAtlantic Group from an “underperform” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Friday, August 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.21.
CalAtlantic Group Company Profile