CalAtlantic Group Inc (CAA) Holdings Increased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in CalAtlantic Group Inc (NYSE:CAA) by 35.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,829 shares of the industrial goods maker’s stock after purchasing an additional 2,860 shares during the quarter. Pacer Advisors Inc.’s holdings in CalAtlantic Group were worth $397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Balyasny Asset Management LLC lifted its position in shares of CalAtlantic Group by 515.5% during the second quarter. Balyasny Asset Management LLC now owns 1,261,045 shares of the industrial goods maker’s stock worth $44,578,000 after purchasing an additional 1,056,155 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in CalAtlantic Group during the second quarter worth approximately $30,069,000. Greenhaven Associates Inc. raised its holdings in CalAtlantic Group by 19.2% during the second quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the industrial goods maker’s stock worth $107,812,000 after purchasing an additional 491,510 shares in the last quarter. FMR LLC raised its holdings in CalAtlantic Group by 3.8% during the second quarter. FMR LLC now owns 10,812,739 shares of the industrial goods maker’s stock worth $382,230,000 after purchasing an additional 400,103 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in CalAtlantic Group by 4.0% during the second quarter. BlackRock Inc. now owns 7,319,210 shares of the industrial goods maker’s stock worth $258,732,000 after purchasing an additional 283,517 shares in the last quarter.

In related news, CFO Jeffrey Joseph Mccall sold 65,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $55.27, for a total value of $3,592,550.00. Following the completion of the transaction, the chief financial officer now owns 178,519 shares of the company’s stock, valued at approximately $9,866,745.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Patrick Babel sold 12,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $52.48, for a total transaction of $629,760.00. Following the completion of the transaction, the executive vice president now directly owns 33,603 shares of the company’s stock, valued at approximately $1,763,485.44. The disclosure for this sale can be found here. Insiders have sold a total of 300,239 shares of company stock valued at $15,584,165 in the last ninety days. Corporate insiders own 39.50% of the company’s stock.

CAA has been the topic of a number of research analyst reports. Mizuho assumed coverage on shares of CalAtlantic Group in a report on Thursday, October 26th. They set a “buy” rating and a $45.00 price objective on the stock. ValuEngine upgraded shares of CalAtlantic Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Barclays raised their target price on shares of CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. KeyCorp restated a “hold” rating on shares of CalAtlantic Group in a research report on Friday, August 25th. Finally, Deutsche Bank lowered shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research report on Monday, November 20th. Fifteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.11.

CalAtlantic Group Inc (NYSE CAA) traded down $0.24 during trading hours on Wednesday, reaching $54.75. 898,700 shares of the company were exchanged, compared to its average volume of 1,300,248. CalAtlantic Group Inc has a 1 year low of $32.47 and a 1 year high of $57.04. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. The stock has a market cap of $6,067.29, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.90 and a beta of 1.58.

CalAtlantic Group (NYSE:CAA) last posted its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. equities research analysts anticipate that CalAtlantic Group Inc will post 3.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.75%.

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About CalAtlantic Group

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

Institutional Ownership by Quarter for CalAtlantic Group (NYSE:CAA)

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