CalAtlantic Group, Inc. (CAA) Position Increased by First Trust Advisors LP

Xavier Trudeau
Juin 17, 2017

Raymond James Financial, Inc. downgraded shares of CalAtlantic Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 2nd.

Other hedge funds have also recently modified their holdings of the company. BTIG Research initiated coverage on CalAtlantic Group in a research note on Tuesday, February 7th. Zacks Investment Research upgraded CalAtlantic Group from a "sell" rating to a "hold" rating in a research report on Friday, April 21st. Royal Bank of Canada lifted their price objective on shares of CalAtlantic Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company now has a consensus rating of "Hold" and an average target price of $40.56. (NYSE:CAA) dropped -1.21% to hit $35.19. The score helps determine if a company's stock is valuable or not.

U.S. based company, CalAtlantic Group, Inc. The stock has a market cap of $4.03 billion, a PE ratio of 9.47 and a beta of 1.54. The stock was sold at an average price of $35.94, for a total value of $323,460.00.

CalAtlantic Group (NYSE:CAA) last issued its quarterly earnings results on Thursday, April 27th. The construction company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08.

This table compares M.D.C. Holdings and CalAtlantic Group's net margins, return on equity and return on assets. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter a year ago, the firm earned $0.52 EPS. Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year. Equities research analysts expect that CalAtlantic Group will post $3.63 EPS for the current year.

CalAtlantic Group, a diversified builder of single-family attached and detached homes. "(CAA) Downgraded by BidaskClub to Sell" was reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another domain, it was copied illegally and republished in violation of US & global copyright & trademark legislation. The original version of this article can be read at

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. CalAtlantic Group's dividend payout ratio is now 4.36%.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 9,000 shares of the stock in a transaction on Thursday, June 1st. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Following the completion of the sale, the chief executive officer now owns 620,737 shares in the company, valued at $22,309,287.78. (NYSE:CAA) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Also, Director David J. Matlin sold 14,510,008 shares of the stock in a transaction on Wednesday, June 14th.

A number of research analysts have commented on the stock. Elkfork Partners LLC acquired a new stake in shares of CalAtlantic Group during the fourth quarter valued at approximately $145,000. Sanders Capital LLC increased its position in CalAtlantic Group by 6.1% in the third quarter. LS Investment Advisors LLC now owns 5,236 shares of the construction company's stock valued at $196,000 after buying an additional 72 shares during the period. Oxford Asset Management acquired a new stake in shares of CalAtlantic Group during the fourth quarter valued at approximately $217,000. State Board of Administration of Florida Retirement System increased its position in CalAtlantic Group by 3.4% in the fourth quarter. Corporate insiders own 39.50% of the company's stock. BofA/Merrill had a markedly different take on 08/06/2017, proposing that CalAtlantic Group, now considered Neutral versus prior Buy rating. The Company operates through two segments: homebuilding and financial services. The homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots necessary for the construction and sale of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes.

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