Marshall Wace North America L.P. acquired a new position in CalAtlantic Group, Inc. (NYSE:CAA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 859,111 shares of the construction company’s stock, valued at approximately $30,069,000. Marshall Wace North America L.P. owned about 0.76% of CalAtlantic Group as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in CalAtlantic Group by 207.4% in the first quarter. Bank of Montreal Can now owns 11,129 shares of the construction company’s stock worth $416,000 after buying an additional 7,509 shares in the last quarter. WINTON GROUP Ltd bought a new position in CalAtlantic Group during the first quarter worth $315,000. Prudential Financial Inc. boosted its position in CalAtlantic Group by 5.1% in the first quarter. Prudential Financial Inc. now owns 45,137 shares of the construction company’s stock worth $1,690,000 after buying an additional 2,210 shares in the last quarter. Morgan Stanley boosted its position in CalAtlantic Group by 124.5% in the first quarter. Morgan Stanley now owns 304,081 shares of the construction company’s stock worth $11,387,000 after buying an additional 168,651 shares in the last quarter. Finally, GMT Capital Corp boosted its position in CalAtlantic Group by 1.7% in the first quarter. GMT Capital Corp now owns 1,022,315 shares of the construction company’s stock worth $38,286,000 after buying an additional 16,600 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.
Shares of CalAtlantic Group, Inc. (NYSE CAA) opened at 34.32 on Tuesday. The firm has a market capitalization of $3.78 billion, a PE ratio of 9.44 and a beta of 1.45. The company’s 50-day moving average is $36.11 and its 200 day moving average is $36.15. CalAtlantic Group, Inc. has a 52-week low of $30.18 and a 52-week high of $38.63.
CalAtlantic Group (NYSE:CAA) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.03. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. CalAtlantic Group had a net margin of 7.26% and a return on equity of 11.40%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. Equities analysts expect that CalAtlantic Group, Inc. will post $3.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.47%. The ex-dividend date is Thursday, September 14th. CalAtlantic Group’s dividend payout ratio is presently 4.46%.
A number of equities analysts have weighed in on CAA shares. Credit Suisse Group started coverage on shares of CalAtlantic Group in a research report on Thursday, June 22nd. They set an “underperform” rating and a $32.00 price objective for the company. Zacks Investment Research cut shares of CalAtlantic Group from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Barclays PLC upgraded shares of CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 price objective for the company in a research report on Tuesday, July 11th. Royal Bank Of Canada upped their price objective on shares of CalAtlantic Group from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 7th. Finally, ValuEngine upgraded shares of CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.89.
In other CalAtlantic Group news, CEO Larry T. Nicholson sold 9,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $35.94, for a total value of $323,460.00. Following the sale, the chief executive officer now directly owns 620,737 shares of the company’s stock, valued at $22,309,287.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Larry T. Nicholson sold 9,004 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $35.61, for a total value of $320,632.44. Following the completion of the sale, the chief executive officer now directly owns 611,733 shares in the company, valued at $21,783,812.13. The disclosure for this sale can be found here. Insiders sold 14,528,112 shares of company stock worth $482,670,158 over the last ninety days. 39.50% of the stock is owned by corporate insiders.
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.
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