Economy

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%.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Week Herald and is owned by of Week Herald. If you are viewing this article on another site, it was copied illegally and republished in violation of USA & global copyright legislation.

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



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