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.



Like this

loading...
loading...

Latest


10 October 2017
Socceroos v Syria goes to extra
Australia have a slender advantage in the tie, with the 1-1 draw achieved in Malaysia last week securing a vital away goal. From there no side could make the breakthrough and the game went to extra time.

10 October 2017
Conor McGregor vs. Nate Diaz News: UFC President Shuts Down Match Rumors
So, it's not a matter of Conor wouldn't fight to fight Ferguson or he'd want to do this or that. Which means sorry, Tony Ferguson, you aren't Conor McGregor's next opponent.

10 October 2017
Chhattisgarh govt refuses to reduce Value-Added Tax on fuel despite centre's directive
Andhra Pradesh has 38.82% Value-Added Tax on petrol while BJP- governed Madhya Pradesh levies 38.79% Value-Added Tax on the fuel. Mr Rupani said Gujarat has become the first state to respond to the Centre's appeal to cut taxes on petrol and diesel.

10 October 2017
California governor signs drug pricing transparency law
The pharmaceutical industry is expected to bring a legal challenge to the new regulation before it takes full effect in 2019. The law affects drugs with a wholesale price of more than $40.

10 October 2017
Microsoft's Cortana Comes To Skype
You can find out more details about the new Cortana integration with Skype on iOS and Android over a Microsoft at the link below. You can also ask Cortana to check your flight status, give you a stock quote, or suggest the best restaurants in your area.

10 October 2017
Ronaldo favourite to retain Ballon d'Or
Ligue 1 leaders Paris Saint-Germain also saw their attacking trio of Neymar , Edinson Cavani and Kylian Mbappe among the nominees. It had replaced the FIFA World Player of the year and European footballer of the year award.

10 October 2017
The 'Sabrina The Teenage Witch' Spinoff Is Coming Sooner Than You Think!
Now that we know that Harvey will be returning for the new show, we only have one question. This makes it closer to the darker version of Archie Comic books show Riverdale .

10 October 2017
Hurricane Nate makes second landfall in USA as category one storm
The Beau Rivage Casino and all other MS casinos closed Saturday in preparation for the storm but most reopened Monday afternoon. Nate made first landfall Saturday as a Category 1 hurricane in Plaquemines Parish, La., at the mouth of the Mississippi River.

10 October 2017
Japanese Mutant Hens Are Laying Eggs Filled With Cancer Drugs
The scientists now have three hens whose eggs contain the drug, with the birds laying eggs nearly daily, the report said. According to them, they use genes that produce beta-interferon in the cells that are the precursors of chicken sperm.

10 October 2017
Details of Jose Mourinho's scouting trip to Austria revealed
Manchester United's manager is interested in Gacinovic, who is comfortable as a central attacking midfielder or on the wing. And now The Mirror reports that the object of Mourinho's affections was in fact Eintracht Frankfurt midfielder Gacinovic.