Insider Selling: CalAtlantic Group, Inc. (CAA) COO Sells $1,052,322.66 in Stock
CalAtlantic Group, Inc. (NYSE:CAA) COO Peter G. Skelly sold 20,382 shares of CalAtlantic Group stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $51.63, for a total value of $1,052,322.66. Following the completion of the transaction, the chief operating officer now owns 174,159 shares in the company, valued at approximately $8,991,829.17. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of CalAtlantic Group, Inc. (NYSE CAA) opened at $52.31 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. CalAtlantic Group, Inc. has a 1-year low of $31.99 and a 1-year high of $52.73. The firm has a market cap of $5,770.00 and a PE ratio of 15.42.
CalAtlantic Group (NYSE:CAA) last issued its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $0.97 earnings per share. The business’s quarterly revenue was down 9.0% on a year-over-year basis. research analysts predict that CalAtlantic Group, Inc. will post 3.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 30th. Shareholders of record on Friday, December 15th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.75%.
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A number of large investors have recently bought and sold shares of CAA. Thompson Davis & CO. Inc. bought a new stake in shares of CalAtlantic Group during the 2nd quarter valued at $138,000. Canada Pension Plan Investment Board bought a new stake in shares of CalAtlantic Group during the 2nd quarter valued at $154,000. Riverhead Capital Management LLC grew its position in shares of CalAtlantic Group by 71.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock valued at $155,000 after acquiring an additional 1,827 shares during the period. LS Investment Advisors LLC grew its position in shares of CalAtlantic Group by 16.4% during the 2nd quarter. LS Investment Advisors LLC now owns 6,095 shares of the industrial goods maker’s stock valued at $215,000 after acquiring an additional 859 shares during the period. Finally, Sciencast Management LP purchased a new position in shares of CalAtlantic Group during the 2nd quarter valued at $222,000.
A number of equities research analysts recently weighed in on CAA shares. JMP Securities upgraded CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Friday, July 21st. Wedbush reaffirmed an “ourperform” rating and set a $41.00 target price on shares of CalAtlantic Group in a report on Monday, July 31st. KeyCorp reaffirmed a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. ValuEngine downgraded CalAtlantic Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, UBS AG assumed coverage on CalAtlantic Group in a research note on Wednesday, October 25th. They issued a “neutral” rating and a $42.00 price objective on the stock. Fourteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $45.33.
About CalAtlantic Group
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