John Patrick Babel Sells 12,000 Shares of CalAtlantic Group, Inc. (CAA) Stock

CalAtlantic Group, Inc. (NYSE:CAA) EVP John Patrick Babel sold 12,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $52.48, for a total transaction of $629,760.00. Following the completion of the sale, the executive vice president now owns 33,603 shares of the company’s stock, valued at approximately $1,763,485.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of CalAtlantic Group, Inc. (NYSE:CAA) opened at $53.93 on Thursday. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. The stock has a market cap of $5,933.79, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.86 and a beta of 1.54. CalAtlantic Group, Inc. has a 1 year low of $31.99 and a 1 year high of $54.06.

CalAtlantic Group (NYSE:CAA) last announced its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. sell-side analysts anticipate that CalAtlantic Group, Inc. will post 3.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.30%. CalAtlantic Group’s dividend payout ratio is presently 4.75%.

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A number of equities analysts have issued reports on CAA shares. ValuEngine cut CalAtlantic Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. Deutsche Bank AG cut CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a report on Monday. Barclays PLC increased their target price on CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Finally, Mizuho set a $51.00 price objective on shares of CalAtlantic Group and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Fifteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $46.00.

Large investors have recently made changes to their positions in the stock. Denali Advisors LLC bought a new position in CalAtlantic Group in the third quarter valued at approximately $769,000. Greenhaven Associates Inc. increased its stake in CalAtlantic Group by 19.2% in the second quarter. Greenhaven Associates Inc. now owns 3,049,843 shares of the industrial goods maker’s stock valued at $107,812,000 after acquiring an additional 491,510 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in CalAtlantic Group by 412.2% in the second quarter. BlueMountain Capital Management LLC now owns 95,767 shares of the industrial goods maker’s stock valued at $3,385,000 after acquiring an additional 77,068 shares during the last quarter. Arizona State Retirement System increased its stake in CalAtlantic Group by 1.3% in the second quarter. Arizona State Retirement System now owns 30,400 shares of the industrial goods maker’s stock valued at $1,075,000 after acquiring an additional 400 shares during the last quarter. Finally, Morgan Stanley increased its stake in CalAtlantic Group by 124.5% in the first quarter. Morgan Stanley now owns 304,081 shares of the industrial goods maker’s stock valued at $11,387,000 after acquiring an additional 168,651 shares during the last quarter.

About CalAtlantic Group

Insider Buying and Selling by Quarter for CalAtlantic Group (NYSE:CAA)

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