CalAtlantic Group Inc. (NYSE:CAA) saw strong trading volume on Wednesday . 2,808,387 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 1,646,278 shares.The stock last traded at $37.78 and had previously closed at $36.78.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of CalAtlantic Group in a report on Friday, June 10th. Janney Montgomery Scott raised shares of CalAtlantic Group to a “neutral” rating in a report on Monday, June 20th. JMP Securities reissued a “hold” rating on shares of CalAtlantic Group in a report on Wednesday, June 29th. Credit Suisse Group AG reissued a “buy” rating and issued a $40.00 price target on shares of CalAtlantic Group in a report on Wednesday, June 29th. Finally, Zacks Investment Research downgraded shares of CalAtlantic Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $40.00.

The stock has a market cap of $4.47 billion and a PE ratio of 16.21. The stock has a 50 day moving average price of $36.50 and a 200 day moving average price of $33.62.

CalAtlantic Group (NYSE:CAA) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.23 billion. The firm’s revenue was up 151.7% compared to the same quarter last year. On average, analysts predict that CalAtlantic Group Inc. will post $3.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, June 13th. This represents a $0.16 annualized dividend and a yield of 0.42%.

Other large investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System purchased a new stake in shares of CalAtlantic Group during the fourth quarter valued at approximately $2,388,000. Retirement Systems of Alabama purchased a new stake in shares of CalAtlantic Group during the fourth quarter valued at approximately $3,715,000. Nationwide Fund Advisors purchased a new stake in shares of CalAtlantic Group during the fourth quarter valued at approximately $7,743,000. State Treasurer State of Michigan purchased a new stake in shares of CalAtlantic Group during the fourth quarter valued at approximately $1,141,000. Finally, Swiss National Bank purchased a new stake in shares of CalAtlantic Group during the fourth quarter valued at approximately $3,833,000.

CalAtlantic Group, Inc, formerly Standard Pacific Corp., is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The Company’s homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.