Investment Grade Analysis On CalAtlantic Group, Inc. (NYSE:CAA) Shares

Wedbush reissued an "ourperform" rating and set a $41.00 price target on shares of CalAtlantic Group in a report on Monday, July 31st. KeyCorp reiterated a "hold" rating on shares of CalAtlantic Group in a research note on Friday, August 25th. MKM Partners reaffirmed a "buy" rating on shares of CalAtlantic Group in a report on Wednesday, January 11th.

In other news, CEO Larry T. Nicholson sold 17,033 shares of CalAtlantic Group stock in a transaction that occurred on Tuesday, September 26th. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Nicholson now owns $21,405,600 of the stock per the Form 4 SEC filing. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

(NYSE:CAA) shares saw light trading volume with 127K shares changing hands by the end of trading on Friday. CalAtlantic Group, Inc. shares had a trading volume of 1,045K by the end of trading on Wednesday. Vanguard Group Inc. now owns 6,099,512 shares of the construction company's stock valued at $215,618,000 after purchasing an additional 215,325 shares during the last quarter. Squarepoint Ops LLC augmented its holdings by buying 32,139 shares an increase of 51.4%. Sanders Capital LLC now owns 3,708,315 shares of the construction company's stock worth $126,415,000 after buying an additional 214,700 shares in the last quarter. Dimensional Fund Advisors LP now owns 3,329,794 shares of the construction company's stock worth $124,700,000 after purchasing an additional 52,570 shares in the last quarter. Shares of SM have uptrended 9.56% in the past three months, while the S&P 500 has moved -3.08% in that time.

Why CalAtlantic Group, Inc. Greenhaven Associates Inc. now owns 3,049,843 shares of the construction company's stock valued at $107,812,000 after purchasing an additional 491,510 shares during the period. My valuation model shows that the stock's value should be $52.41 but it is currently trading at $38.32 on the share market, meaning that there is still an opportunity to buy now. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. (CAA)'s current distance from 20-Day Simple Moving Average is 6.86% and standing 8.51% away from 50-Day Simple Moving Average while traded up 7.21% from 200-Day Simple Moving Average. CalAtlantic Group, Inc. (NYSE:CAA) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. The Q4 2017 consensus earnings estimates for the company have stabilized at US$1.27 per share. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. CalAtlantic Group had a net margin of 7.26% and a return on equity of 11.40%. The value in dollars decreased from $5,367,000 to $4,928,000 a change of $439,000 for the reporting period. During the same period previous year, the business posted $0.83 earnings per share. As of the latest earnings report the EPS was $3.63 and is projected to be $3.44 for the current year with 110,204,000 shares outstanding.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Days to cover increased from 10.0 to 12.0 and the percentage of shorted shares is 0.08% as of September 15. The shares price has positioned 5.54% up over the past quarter while it has directed 2.57% toward a rising position throughout past six months. The ex-dividend date of this dividend was Thursday, September 14th. CalAtlantic Group's dividend payout ratio (DPR) is now 4.46%.

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Is CalAtlantic Group, Inc. The Firm operates through two divisions: homebuilding and financial services.

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