CalAtlantic Group Inc. (NYSE:CAA) traded down 8.7% during trading on Friday . The company traded as low as $35.83 and last traded at $36.29, with a volume of 3,792,424 shares changing hands. The stock had previously closed at $39.73.

A number of equities research analysts have commented on the company. Zacks Investment Research cut CalAtlantic Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. RBC Capital Markets assumed coverage on CalAtlantic Group in a report on Tuesday, July 19th. They set a “buy” rating and a $48.00 price target on the stock. Royal Bank Of Canada assumed coverage on CalAtlantic Group in a report on Tuesday, July 19th. They set an “outperform” rating and a $48.00 price target on the stock. Credit Suisse Group AG reissued a “buy” rating on shares of CalAtlantic Group in a report on Tuesday, July 12th. Finally, MKM Partners raised CalAtlantic Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $38.00 to $47.00 in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.75.

The company has a 50-day moving average of $37.98 and a 200-day moving average of $34.00. The company has a market capitalization of $4.29 billion and a P/E ratio of 15.53.

CalAtlantic Group (NYSE:CAA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.58. The firm earned $1.56 billion during the quarter, compared to analyst estimates of $126.24 million. CalAtlantic Group’s revenue was up 124.4% compared to the same quarter last year. Equities research analysts expect that CalAtlantic Group Inc. will post $3.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, June 13th.

Several institutional investors have recently bought and sold shares of the stock. US Bancorp DE purchased a new position in CalAtlantic Group during the fourth quarter worth $1,013,000. Comerica Bank purchased a new position in CalAtlantic Group during the fourth quarter worth $1,760,000. Liberty Mutual Group Asset Management Inc. purchased a new position in CalAtlantic Group during the fourth quarter worth $1,864,000. Mutual of America Capital Management LLC purchased a new position in CalAtlantic Group during the fourth quarter worth $1,904,000. Finally, GAM Holding AG purchased a new position in CalAtlantic Group during the fourth quarter worth $1,963,000.

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.

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