Virtu Financial LLC Invests $253,000 in CalAtlantic Group Inc (CAA) Stock

Virtu Financial LLC purchased a new stake in shares of CalAtlantic Group Inc (NYSE:CAA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,918 shares of the industrial goods maker’s stock, valued at approximately $253,000.

A number of other hedge funds have also made changes to their positions in CAA. Thompson Davis & CO. Inc. acquired a new position in CalAtlantic Group during the second quarter valued at approximately $138,000. Canada Pension Plan Investment Board acquired a new position in CalAtlantic Group during the second quarter valued at approximately $154,000. Riverhead Capital Management LLC lifted its position in CalAtlantic Group by 71.4% during the second quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock valued at $155,000 after buying an additional 1,827 shares in the last quarter. Sciencast Management LP acquired a new position in CalAtlantic Group during the second quarter valued at approximately $222,000. Finally, Vantage Financial Partners Ltd. Inc. acquired a new position in CalAtlantic Group during the third quarter valued at approximately $253,000.

Shares of CalAtlantic Group Inc (CAA) opened at $54.53 on Thursday. The stock has a market cap of $6,040.81, a P/E ratio of 16.20, a PEG ratio of 1.89 and a beta of 1.58. CalAtlantic Group Inc has a 12 month low of $32.47 and a 12 month high of $57.04. 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 (NYSE:CAA) last posted its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The firm had revenue of $1.52 billion for 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 company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 EPS. sell-side analysts forecast that CalAtlantic Group Inc will post 3.42 EPS for the current fiscal year.

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.29%. CalAtlantic Group’s dividend payout ratio is currently 4.75%.

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

In other news, CEO Larry T. Nicholson sold 100,000 shares of CalAtlantic Group stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $51.94, for a total transaction of $5,194,000.00. Following the sale, the chief executive officer now owns 714,691 shares in the company, valued at $37,121,050.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William L. Jews sold 7,482 shares of CalAtlantic Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $51.52, for a total transaction of $385,472.64. Following the completion of the sale, the director now owns 41,717 shares of the company’s stock, valued at approximately $2,149,259.84. The disclosure for this sale can be found here. Insiders have sold 300,239 shares of company stock worth $15,584,165 in the last quarter. Insiders own 39.50% of the company’s stock.

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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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